ClimateTrade, a Valencia, Spain-based blockchain-enabled climate marketplace, raised €7m in Pre-Series A funding.
The company is raising another €13m in a US-focused round set to close upon ClimateTrade’s US reincorporation in the next five months. In total, the company is targeting €20 million of funding for international expansion.
The €7 million was provided by Spanish investment firm GED via its VC fund Conexo Ventures, US power and technology fund ClearSky, blockchain investors Borderless Capital and Algorand, SIX FinTech Ventures, the VC arm of Swiss financial infrastructure provider SIX Group, Spain’s Telefónica via its open innovation hub Wayra, the investment arm of Japanese corporation Omron Ventures, climate VC Amasia, and Valencian impact fund Zubi Capital, which is backed by the founder of payment unicorn Flywire, Iker Macaide.
Led by Francisco Benedito, CEO, ClimateTrade provides a blockchain marketplace for climate and an API and Widget to allow companies to offer carbon-neutral products and services to their customers. Clients include Cabify, Banco Santander, Telefónica, Correos and Telégrafos, Prosegur and many others.
ClimateTrade US will be headquartered in Miami.
FinSMEs
25/01/2022