Total amount raised
$1.2 Millions
Latest funding date
07/01/2022
Location
Climes has successfully raised funding through multiple rounds, attracting notable investors such as Satyen V Kothari and Rainmatter Capital. The platform is dedicated to addressing the financial challenges associated with climate change, offering solutions for carbon neutralization and climate-positive actions.
Keep reading to explore the intricacies of Climes' fundraising journey and the investors backing this innovative platform.
What Is Climes?
Climes, founded in November 2021, is a ClimateTech company based in Delhi, India. The company was established by Anirudh Gupta and focuses on providing carbon neutralization services. With a small team of 1-10 employees, Climes offers various products and services to help individuals and companies achieve carbon-neutral and climate-positive goals.
How Much Funding Has Climes Raised?
- Seed Round
- Amount Raised: $1.2M
- Date: July 2022
- Lead Investors: Sequoia Capital India, Kalaari Capital, Nithin Kamath, Avaana Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build digital infrastructure for transparent fund flow, design incentive mechanisms for market participants, and integrate more brands from various sectors to expand technology for high-quality climate solutions in India.
Total Amount Raised: $1.2M. 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 technology, consumer, and healthcare industries.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: BYJU'S, Zomato, OYO.
- Kalaari Capital
- Details: Kalaari Capital is an early-stage venture capital firm based in India, focusing on technology-oriented companies. They have been instrumental in supporting startups in their initial growth phases.
- 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, and Rainmatter, a fintech fund and incubator. He is known for his contributions to the fintech sector.
- Investment Focus Areas: Fintech, financial services, technology.
- Notable Investments: Zerodha, Rainmatter.
- Avaana Capital
- Details: Avaana Capital is a venture capital firm that invests in technology-led businesses with a focus on sustainability. They aim to drive sustainable growth through their investments.
- Investment Focus Areas: Sustainability, technology, innovation-driven sectors.
- Notable Investments: Ecolibrium Energy, Intello Labs.
- Stanford Angels
- Details: Stanford Angels is a network of Stanford alumni who invest in early-stage startups. Notable members include Satyen Kothari, founder of Cube Wealth, and Anshuman Bapna, founder of Terra.do.
- Investment Focus Areas: Early-stage startups across various sectors.
- Notable Investments: Terra.do.
What's Next for Climes?
Climes is poised to seize significant opportunities by integrating with brands across sectors like fashion, food, travel, beauty, and personal care. This integration will enable these brands to become climate leaders, leveraging Climes' technology to offer climate-positive actions seamlessly. The potential for growth is vast, given the increasing consumer and corporate demand for sustainable solutions.
Future fundraising rounds are likely as Climes scales its operations and technology to meet the growing market needs. The initial success and backing from prominent investors set a strong foundation for further capital influx, which will be crucial for expanding their tech stack and onboarding high-quality climate solutions.
However, Climes may face challenges such as ensuring transparent financial flows, designing effective incentives for market participants, and achieving widespread adoption of their solutions. Navigating these hurdles will be essential for Climes to maintain its momentum and continue driving impactful climate action.
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