Flowcarbon Raises $70M To Tokenize Carbon Credits And Build An On-Chain Market With A16Z Crypto As Lead Investor

Flowcarbon, a pioneering climate technology company working to build market infrastructure in the voluntary carbon market (VCM), today announced it has raised a total of $70M in venture capital funding and sale of its carbon-backed token. The funding round was led by a16z crypto and also includes General Catalyst, Samsung Next, Invesco Private Capital, 166 2nd, Sam and Ashley Levinson, Kevin Turen, RSE Ventures, and Allegory Labs. Other participants in the token sale include Fifth Wall, Box Group, and the Celo Foundation.