Juliette Portala of Reuters reports that Patch has received $55 million in new funding.
- Patch’s platform enables companies to estimate and reduce their carbon footprints.
- The Series B funding round, which was led by U.S.-based Energize Ventures, will allow Patch to hire more staff and expand into new markets.
- The company will use its platform to make it easier to make deals in voluntary carbon markets.
- Private sector leadership is creating a cleaner environment.
“‘Our infrastructure lowers the barrier to entry for both businesses and climate project developers looking to enter the carbon market which, in turn, could help unlock 20% of the climate change solution the world so desperately needs,’ Patch’s Chief Executive Officer and Co-Founder Brennan Spellacy said.”
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