Hello, blockchain for sustainability community!
After tracking blockchain for sustainability enterprise projects for 20 weeks and building a community of ~200 engaged members that read our content every week, we are eager to bring more value to you that demonstrates blockchain for sustainability momentum.
We are launching the Blockchain for Sustainability Funding Tracker. This update will be shared once every two weeks and will include companies that have recently raised funds, and are using blockchain to enable sustainability across different industries1.
In the backend, we are going to add the profiles of all these companies and the investors that are investing in them, on our platform. So if you are looking for more details on them, please visit our website.
Also, it would be motivating for our team that puts this content together, if you share our content within your networks to drive more traction.
Please read on, and provide feedback on how we can shape this to be better.
Cheers!
Sumit
Recently Funded Blockchain for Sustainability Companies
Islamic Coin: The Shariah-compliant coin has secured $200 million during its private sale from international private buyers, becoming the top private sale raise in 2022 and the top 10 raise in history. The digital currency, built on a foundation of religious and ethical standards, is the only digital asset in the world that gives back to its community. 10% of each issuance of the coin is directed towards the Evergreen DAO, which focuses on charity, philanthropy, and Shariah-compliant and sustainable ventures. | more
Topl: Raised $15 million in a series A round co-led by Houston-based Mercury as well as Republic Asia and Cryptology Asset Group. It helps other businesses and organizations tokenize and track sustainability initiatives, such as monitoring water usage, tracking product chains to ensure conflict-free diamonds, and sourcing fair-wage cocoa. | more
Oneof: Closed a round of more than $8 million in which Amex Ventures was one of the investors. It claims to be a green NFT platform that uses energy-efficient blockchains and partners with music artists, athletes, and lifestyle brands. | more
Proof of Impact: Raised $6 million in a pre-series A round led by Rakuten Capital. The company has created a unique product toolset that enables purpose-driven investors, asset managers, enterprises, consultants, and other institutions to better understand and fulfill their impact- and ESG-related objectives and progress — with the unique goal of tying verified impact to financial performance. | more
Vespene Energy: Methane to electricity startup, that wants to generate energy for bitcoin mining raised $4.3 million in an all-equity seed round led by Polychain Capital. It will aim to produce 1.5 MW of electricity from captured and burned methane on-site from a municipal landfill. | more
Data Gumbo: Raised $4 million in Series C funding from venture arms of Saudi Aramco and Equinor. Both are existing vendors. Recently the company partnered with Topl to launch an ESG reporting tool. | more, more
DigiBuild: Secured a $4 million seed round to build a blockchain-based construction management platform. Through its products, the company will streamline the construction supply chain to reduce waste, and digitize it to reduce paperwork. | more
Greens: The Indonesian food tech startup has raised an undisclosed amount of pre-seed funding in a round led by East Ventures. This blockchain-powered agri-tech firm offers hyperlocal meals made with ingredients from its kitchens, which it says use 90% less water and take 70% less land to cultivate. | more
Disclaimer: The information in this newsletter does not constitute investment or professional advice and investors and other users of this newsletter should not rely on it for investment or other purposes. While we have taken due care and caution in the compilation and presentation of the information and data in this report, no warranty is made as to the completeness, accuracy, or utility of this analysis. Users are also advised to review the detailed disclaimer, terms of use, and privacy policy on our website.