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Based in New York, Flowcarbon is a blockchain technology company that tokenizes certified carbon credits to facilitate capital raising and trading within the voluntary carbon market. The platform converts credits from standards like Verra and Gold Standard into ERC-20 tokens, charging a 2% tokenization fee compared to traditional market rates reaching 30%. In 2022, the enterprise secured $70 million in total funding, comprising $32 million in venture equity and $38 million from a token sale. This capital was provided by prominent investors including Andreessen Horowitz, General Catalyst, and Samsung Next. Operating across networks such as Celo and Polygon, the protocol issues digital assets to provide corporate buyers and crypto traders with transparent access to environmental carbon offsets. Flowcarbon was founded in 2021 by Dana Gibber, Caroline Klatt, Phil Fogel, Adam Neumann, Rebekah Neumann, and Ilan Stern.
Flowcarbon has raised $70.0M across 1 funding round.
Flowcarbon has raised $70.0M in total across 1 funding round.
Flowcarbon has raised $70.0M across 1 funding round. Most recently, it raised $70.0M Series A in May 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2022 | $70M Series A | — | ACME Capital, Andreessen Horowitz, EWA Capital, Jude Gomila Rolling Fund, Long Journey Ventures, Moderne Ventures, Scott Sandell, SeaX Ventures, Spark Capital, Struck Capital, The HIT Forge, Uncork Capital, Wayra Hispam, Adam Neumann, Gokul Rajaram, Jeronimo Uribe, Miguel MC Allister, SAM Altman, Scott Banister, Shervin Pishevar, Vivek Patel | Announced |
Flowcarbon has raised $70.0M in total across 1 funding round.
Flowcarbon's investors include ACME Capital, Andreessen Horowitz, EWA Capital, Jude Gomila Rolling Fund, Long Journey Ventures, Moderne Ventures, Scott Sandell, SeaX Ventures, Spark Capital, Struck Capital, The Hit Forge, Uncork Capital.
# High-Level Overview
Flowcarbon is a climate technology company that uses blockchain to tokenize carbon credits and provide project finance solutions for carbon removal and decarbonization projects.[1][2] Founded in 2021 and based in New York, the company operates at the intersection of traditional finance and climate technology, offering services that span project finance, private credit, tax credit structuring, and blockchain-enabled carbon credit trading.[1][3]
The company serves two primary audiences: organizations seeking to invest in or develop carbon removal projects, and those managing carbon credit portfolios.[3] Flowcarbon's core mission is to make carbon markets more accessible and transparent by tokenizing the voluntary carbon market, enabling price discovery and facilitating billions of dollars in climate investment.[4][5] The company has raised $70 million in total funding and currently employs approximately 35 people.[5]
# Origin Story
Flowcarbon was founded in 2021 by Dana Gibber, Caroline Klatt, and Phil Fogel, who recognized significant inefficiencies in the voluntary carbon market.[4] The founders identified that while carbon markets represent "an incredibly important" and "elegant, ethical financial mechanism for funding the protection and restoration of natural carbon sinks," the market faced substantial challenges in price discovery, transparency, and access.[4]
The company was incubated by the family office of Adam and Rebekah Neumann (founders of WeWork), which provided early backing and credibility.[4] In 2022, Flowcarbon raised $32 million, signaling strong investor confidence in its approach to modernizing carbon markets through blockchain technology.[6] The company gained further prominence after raising significant capital from Andreessen Horowitz (a16z) and other notable venture investors.[4]
# Core Differentiators
# Role in the Broader Tech Landscape
Flowcarbon operates within the regenerative finance (ReFi) movement, which applies Web3 technologies to environmental and climate challenges.[4] The company is riding several converging trends: accelerating corporate demand for carbon offsets, regulatory pressure for net-zero commitments, and growing recognition that traditional carbon markets suffer from opacity and inefficiency.
The timing is critical. As of 2025, voluntary carbon markets remain fragmented and dominated by incumbent players with significant control over credit supply.[6] Blockchain-based tokenization offers a potential solution to these structural problems by enabling fractional ownership, real-time price discovery, and direct peer-to-peer trading—capabilities that traditional intermediaries have resisted.[4]
Flowcarbon's approach also reflects a broader shift in climate finance: moving beyond pure carbon trading toward integrated project development and financing. By combining project finance with blockchain infrastructure, the company positions itself as a bridge between traditional institutional capital and emerging climate technologies.
# Quick Take & Future Outlook
Flowcarbon faces a fundamental tension: the voluntary carbon market remains highly regulated with entrenched incumbents (like Verra, the largest marketplace), creating friction for blockchain-based disruption.[4][6] The company's strategic options—moving existing off-chain credits to blockchain, waiting for market conditions to shift, or partnering with smaller carbon-credit issuers—each carry different risk profiles.[6]
The company's evolution will likely depend on regulatory clarity around blockchain in carbon markets and whether institutional capital increasingly demands the transparency and efficiency that tokenization provides. If carbon credit trading becomes more commoditized and price-sensitive, Flowcarbon's blockchain infrastructure could become essential. Conversely, if regulators restrict blockchain use in carbon markets or if incumbent platforms adopt similar technologies, Flowcarbon's differentiation narrows.
The recognition from TIME and Statista in the Carbon Capture & Offset Solutions category signals growing credibility, but execution at scale remains the critical test.[7] Flowcarbon's future influence will hinge on whether it can move beyond a niche position to become a primary venue for institutional carbon credit trading—a shift that requires both technological maturity and regulatory acceptance.
