Adam Neumann-backed blockchain startup Flowcarbon raises $70 million (via AJRummer)
It’s currently undergoing a private sale for its token, with a public sale to follow.Flowcarbon, a startup co-founded by former WeWork CEO Adam Neumann, has raised $70 million to develop its blockchain-based carbon trading tools.
"Flowcarbon’s mission is to drive billions of dollars directly to projects that reduce or remove carbon from the atmosphere by creating the first open protocol for tokenizing live, certified carbon credits from projects around the globe," the New York-based company said in the release."Through Flowcarbon’s protocol, project developers can immediately access a marketplace of buyers interested in their credits by bringing them onto the blockchain.
Of the total funds raised, $32 million came from venture capital firms and $38 million from the sale of GNT,A private sale of GNT ends in two days, according to the company's website, which also allows people to register for an impending public sale of the token.
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