Total amount raised
$23 Million
Latest funding date
12/1/2022
Location
Treecard has successfully raised significant funding to support its mission of promoting sustainable living through innovative eco-friendly initiatives. The platform offered unique features such as "Walk to Plant," "Ethical Spend," and various planet-friendly rewards. Treecard announced its closure in March 2026 and closed user accounts in April 2026.
What Is Treecard?
Treecard, founded in 2020, was dedicated to promoting sustainable living through its offerings. The company was based in London and was co-founded by Jamie Cox, James Dugan, and Thiel Fellow Peter Francis.
Treecard offered a Mastercard® Debit Card until it discontinued the card program in October 2023, after which it ran only a step-counting walk-to-plant product. The card was issued by Sutton Bank.
Treecard has closed, and its final published impact was 10,037,912 trees funded and 9,424,887 plastic bottles removed from the ocean.
How Much Funding Has Treecard Raised?
- Amount Raised: $23 million Date: December 2022 Lead Investors: Valar Ventures, World Fund, EQT, Seedcamp, Episode 1, Angels Motivation Behind the Round: The company intends to use the funds to expand operations and enter the US markets.
Total Amount Raised: $23 million. Current Valuation: Not publicly disclosed.
Key Investors
- Valar Ventures
- Details: Valar Ventures is a venture capital firm co-founded by Peter Thiel. It focuses on investing in early-stage technology companies.
- Investment Focus Areas: Fintech, SaaS, Consumer Internet
- Notable Investments: TransferWise (now Wise), N26, Xero
- World Fund
- Details: World Fund is a venture capital firm dedicated to climate tech investments. It aims to support companies that contribute to reducing carbon emissions.
- Investment Focus Areas: Climate Tech, Renewable Energy, Sustainable Agriculture
- Notable Investments: Specific notable investments are not mentioned in the available sources.
- EQT
- Details: EQT is a global investment organization with a focus on private equity, infrastructure, and real estate. It has a strong track record of supporting companies in various sectors.
- Investment Focus Areas: Private Equity, Infrastructure, Real Estate
- Notable Investments: AutoStore, Epidemic Sound, IFS
- Seedcamp
- Details: Seedcamp is a European seed fund that invests in early-stage startups. It has a reputation for backing some of the most successful tech companies in Europe.
- Investment Focus Areas: Fintech, SaaS, Health Tech
- Notable Investments: Revolut, TransferWise (now Wise), UiPath
- Episode 1
- Details: Episode 1 is a venture capital firm that invests in early-stage technology companies. It focuses on supporting innovative startups with high growth potential.
- Investment Focus Areas: Technology, SaaS, Marketplaces
- Notable Investments: Carwow, Triptease, AimBrain
What's Next for Treecard?
Treecard's plans to expand its operations and enter the US market ended with its closure. The company said it could no longer operate Treecard in a sustainable way. It raised no further capital after the December 2022 round of $23 million.
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