Lune, a London, UK-based provider of an API and software tools to allow businesses to integrate climate impact into their customer experience – starting with carbon emissions calculations and carbon removal, raised $4m in funding.
The round was led by Crane, with participation from 15 angel investors, including Maximilian Tayenthal (co-founder of N26), Fredrik Hjelm (co-founder of Voi) and Tony Jamous (co-founder of OysterHR & Nexmo).
The company intends to use the funds to continue to expand the team across several functions spanning tech, product, commercial, and carbon markets.
Led by Roberto Bruggemann and Erik Stadigh, Lune partners directly with carbon project developers across the world to curate a diverse list of high-impact and innovative projects. With its API, a retailer can automatically calculate carbon emissions of a purchase and pay to neutralize it, while transparently allowing consumers to engage in the choice of carbon project. In a similar manner, payments companies can allow their merchant customers to contribute to removing CO2 from the atmosphere with every transaction.
Customers include payments and fintech companies TrueLayer and Yapily, retail and logistics firms Apex Rides and Budbee, and global design company IDEO, among others.