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Home News Business

Adam Neumann Cofounded Carbon Credit Startup Raises $70 Million

Flowcarbon sells carbon credits and keeps track of transactions that occur on the blockchain.

Aayat AlibyAayat Ali
May 25, 2022
in Business
Reading Time: 1 min read
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Adam Neumann Cofounded Carbon Credit Startup Raises $70 Million

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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. 

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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. 

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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. 

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Source: Bloomberg
Tags: BusinessInvestmentSocial Impact
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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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