Climate Fintech Is Fertile Ground For Seed And Early-Stage Deals
To fund further expansion, the startup raised $6 million last month in a seed round led by TTV Capital. Ando is one of a growing list of startups at the intersection of fintech and climate that have raised funding in recent months. Doconomy, a Swedish startup that compiles and provides data around the climate impact of products, transactions and companies, raised a $17 million round in September. Carbon markets also look poised for growth. Today, participation of institutional investors in carbon markets remains limited, per a recent report co-authored by consultancy McKinsey.