Carbon-credit startup Flowcarbon recently raised $70 million from investors. The shocker? It’s cofounded by the former CEO and cofounder of WeWork.
Adam Neumann seized headlines in 2019 after his attempt to take the coworking firm public came with a slew of scrutiny over WeWork’s operations, work culture, frivolous investments, and eventually led to his resignation.
However, this new funding proves that investors are still confident in the entrepreneur’s endeavors.
Flowcarbon sells carbon credits and keeps track of transactions that occur on the blockchain. Currently, it has offices in Berlin, Montana, and New York.
The company is listed as being founded by Neumann and his wife Rebekah, as well as others, but it is run by CEO Dana Gibber, COO Caroline Klatt, Chief Blockchain Officer Phil Fogel.