Exclusive-Neumann-backed climate tech venture Flowcarbon raises $70 million


FILE PHOTO: An aerial view shows mangrove trees, in Pongara National Park, Gabon, October 15, 2021. REUTERS/Christophe Van Der Perre

LONDON (Reuters) - Flowcarbon, a blockchain-enabled carbon credit trading platform backed by WeWork founder Adam Neumann, has raised $70 million in its first major funding round, its chief executive told Reuters.

The company aims to tap into the growing market for carbon credits companies buy to offset their greenhouse gas emissions as the world transitions to a low-carbon economy in the fight against climate change.

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