Total amount raised
$1.2 Million
Latest funding date
07/01/2022
Location
Climes has successfully raised funding through a single Seed round, attracting a total of 12 investors, including notable names like Satyen V Kothari, Rainmatter Capital, Avaana Capital, Kalaari Capital, Nithin Kamath, Peak XV Partners, and Sequoia Capital. The platform is dedicated to bridging the climate finance gap by offering financial solutions and tools that support climate-related projects and initiatives.
Keep reading to explore the intricacies of Climes' fundraising journey and the investors backing this innovative platform.
What Is Climes?
Climes is a ClimateTech company based in Delhi, India, dedicated to offering carbon neutralization solutions. Operating in the CleanTech and Sustainability sectors, the company aims to bridge the climate finance gap by providing financial solutions to support climate-related initiatives.
Founded in an unspecified year, Climes is a private company currently in the Seed funding stage. The company has a small team of 1-10 employees and has attracted notable investors, including Satyen V Kothari and Rainmatter Capital.
How Much Funding Has Climes Raised?
- Seed Round
- Amount Raised: USD 1,200,000
- Date: July 2022
- Lead Investors: Avaana Capital, Kalaari Capital, Nithin Kamath, Peak XV Partners, Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build digital infrastructure for transparent financial flows and to design incentives for market players. The funds will also be used to integrate with brands in various sectors and expand technological capabilities to adopt high-quality climate solutions in India.
Total Amount Raised: USD 1,200,000. Current Valuation: Not publicly disclosed.
Key Investors
- Sequoia Capital India
- Details: Sequoia Capital India is a leading venture capital firm that invests in early and growth-stage companies across various sectors. They have a strong presence in the Indian market and are known for their strategic investments.
- Investment Focus Areas: Technology, consumer, healthcare, financial services
- Notable Investments: Byju's, Zomato, OYO Rooms
- Kalaari Capital
- Details: Kalaari Capital is an early-stage venture capital firm based in India. They focus on technology-oriented companies and have a significant impact on the Indian startup ecosystem.
- Investment Focus Areas: Technology, consumer internet, digital transformation
- Notable Investments: Dream11, Myntra, Cure.fit
- Nithin Kamath
- Details: Nithin Kamath is the Founder and CEO of Zerodha, a leading stock brokerage firm in India. He is also the founder of Rainmatter, a fintech fund and incubator.
- Investment Focus Areas: Fintech, financial services, climate tech
- Notable Investments: Zerodha, Rainmatter
- Avaana Capital
- Details: Avaana Capital is a venture capital firm that invests in technology-led startups with a focus on sustainability and climate action. They aim to drive innovation in these sectors.
- Investment Focus Areas: Sustainability, climate action, technology-led startups
- Notable Investments: Ecolibrium Energy, Intello Labs
- Satyen Kothari
- Details: Satyen Kothari is the founder of Cube Wealth, a wealth management platform. He has a background in fintech and wealth management.
- Investment Focus Areas: Wealth management, fintech
- Notable Investments: Cube Wealth
What's Next for Climes?
Climes is poised to seize significant opportunities by integrating with brands across various sectors such as fashion, food, travel, beauty, and personal care. The company aims to build digital infrastructure that ensures transparent financial flows and designs incentives for market participants to engage in climate actions. With a successful initial funding round of $1.2 million, Climes is well-positioned to expand its technological capabilities and partnerships.
Future fundraising opportunities appear promising as Climes continues to demonstrate the impact of its platform. The company may attract additional investment to scale its operations and integrate more high-quality climate solutions. However, challenges such as ensuring transparent fund flows, designing effective incentives, and scaling technology to support diverse climate solutions remain. As the demand for carbon-neutral lifestyles grows, Climes is likely to navigate these challenges and continue its trajectory of growth and innovation.
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