Flow Carbon Inc.

Based in New York, US, and founded in 2021 by its CEO, Dana Gibber, and co-founders Caroline Klatt, Rebekah Neumann, Adam Neumann, and Ilan Stern, Flow Carbon Inc. operates as a climate technology company that allows individuals and corporations to buy and retire carbon credits through the use of blockchain. In May 2022, Flow Carbon Inc. raised USD 70 million in series A funding led by new investor Andreessen Horowitz, with participation from other new investors General Catalyst, Samsung Next, Invesco Private Capital, 166 2nd Financial Services, RSE Ventures, and Allegory Venture Partners.

Individual investors also participated in the round. As of June 2022, the company has a team of 35 employees working across New York, Montana, and Berlin. Flow Carbon Inc. offers carbon credits on-chain and converts them to tokens called the Goddess Nature Token (GNT), which is designed to maximize value and utility for buyers and is suitable for individual and corporate offsetting needs.

Each token can be retired as an offset, sold, used for borrowing and lending, or redeemed for an underlying real-world credit. Through Flowcarbon’s protocol, project developers can access a marketplace of buyers interested in their credits by bringing them onto the blockchain. Buyers are then able to purchase live carbon credits directly from project proponents.   The company will use the series A funding to further develop its blockchain-based carbon trading tools.