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Getting climate, energy & environment news right.

Climate tech firm Patch nets $55 million to streamline carbon-offset transactions

Juliette Portala of Reuters reports that Patch has received $55 million in new funding.

The C3 Take
  • 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.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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