Climate tech funding is going through a hot moment. As governments around the world have recommitted their stances on climate change and enacted new emissions targets, many startups and tech companies have been rapidly working to develop new solutions to reach those goals. According to Crunchbase News, while climate tech funding is surging, many of the largest rounds are being raised by enterprise-focused companies that provide services to energy customers.
Newly launched Earth Finance is one of those companies, and it recently secured $14 million in a seed round from private investors.
Earth Finance was founded by former Washington State Senator Reuven Carlyle, along with Bryan Weeks and Garrett Kephart. The company works with clients in the retail, energy, finance and biochemical industries. It provides corporate strategy, investment and tech solutions to help businesses achieve their net-zero carbon emissions targets and lower their carbon footprint.
“Many companies have objectives to be net zero or net positive by 2050 or sooner. Achieving those goals, while also continuing to grow, requires a whole new way of thinking and operating,” Kephart, co-founder and president of Earth Finance, said in a statement. “By applying inter-disciplinary expertise, Earth Finance helps its global clients reengineer their businesses and investments to achieve — and thrive in — a net zero future.”
Despite the general cool-down in the Seattle tech scene, climate tech has remained a popular sector in the region. Over the past few months, sizable funding rounds have closed, including a $6.29 million seed round raised by Lithos to decarbonize farms with its biogeochemical process. And last month, Membrion raised $7 million to detoxify water supplies.
