Doconomy raises $19 million to accelerate carbon emission reduction goal
- Date: 17-Jan-2022
- Source: Finextra
- Sector:Financial Markets
- Country:Middle East
Doconomy raises $19 million to accelerate carbon emission reduction goal
Additionally, it will help the further development of its Impact Applied Portfolio, enabling environmental impact calculations on products, financial transactions, lifestyle and corporations to inspire further climate action worldwide.
While this funding round was led by CommerzVentures. Citi Ventures, Citigroup’s venture capital team, and Ingka Investments also participated. Additionally, existing investors Mastercard and Ålandsbanken also contributed to this round.
Doconomy previously partnered with the United Nations Framework Convention on Climate Change (UNFCCC) to launch the Carbon Lifestyle Calculator during COP26. The company’s technology is already used in 30 countries by leading banks and brands, such as BNP Paribas, Klarna, Nordea and Standard Chartered. They aim to make their services available in 20 additional markets in 2022.
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