Carbon footprint tracker CoGo seeks $20 million to fund expansion

FILE PHOTO: The CoGo app is seen in this screenshot taken October 20, 2021. CoGo/Jody Boshoff/Handout via REUTERS

SYDNEY (Reuters) - New Zealand-based carbon footprint tracking fintech CoGo Ltd will begin raising $20 million in capital to fund growth in the United States, Europe and Asia, Chief Executive Ben Gleisner said on Wednesday.

The firm, whose algorithms help consumers align their purchasing habits with targets such as reducing carbon emissions, is opening the fundraising to venture funds, companies and to its retail customers, Gleisner said.