Climate investment platform Raise Green has closed its seed round on $1.2m, as it looks to accelerate project finance and deployment.
This capital will help Raise Green expand its tech platform and bolster its marketing efforts.
Alongside the funding, the company signed a partnership with Onyx Renewable Partners, a lean energy company and decarbonisation solutions provider aimed at the commercial and industrial sector in North America.
This partnership aims to access the incentives from the Inflation Reduction Act. The act boasts $370bn in federal funding for climate solutions.
As part of its Raise Green Impact Partners program, the FinTech climate investment platform also partnered with an undisclosed asset manager to expand financing and deployment of solar, energy efficiency, and climate tech ventures.
The Raise Green Impact Partners program aims to identify climate and clean energy leaders, influencers and youth ambassadors to spread the word about opportunities to invest in, raise capital for and own a piece of the clean energy infrastructure.
Raise Green’s FinTech software and services help connect climate entrepreneurs with incentives to and community financing to reduce the soft-costs associated with project financing and early-stage venture capital.
Raise Green CEO Franz Hochstrasser said, “At Raise Green, we make it easy for anyone to invest directly into climate projects, whether its community solar, energy efficiency for small business, or other solutions with demonstrable social and environmental benefits.
“Our potential partners come from all walks of life – venture capitalists, university students, entrepreneurs, and community leaders – and are committed to investing in clean energy projects that can move the needle on combating climate change.
ESG has become increasingly important in the FinTech world. FinTech Global recently revealed the 100 companies to feature in its inaugural ESGFinTech100 list. The list highlights the companies in the space that firms need to know about.
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