Carbon Neutral Club, a Toronto, Canada-based climate tech startup on a mission to bring climate action into the modern employee experience, closed a $1.4 million CAD funding round led by Emend Vision Fund, Blue Vision Capital, and Good News Ventures.
Carbon Neutral Club will use the capital infusion to expand globally and grow the impact of its climate movement tenfold over the next two years.
"Over one third of companies that fail to meet their climate targets attribute these failures to a lack of organizational culture necessary to effectively implement their climate plans," shared Jack Bruner, co-founder of Carbon Neutral Club. "We want to shepherd in a new era of climate plan implementation, one that embeds climate action directly into the values of a company. For Net Zero plans to be successful, organizations need an engaged workforce that is compelled to execute on the long-term plan. After all, if employees aren't empowered to drive sustainable changes in the workplace, how can we expect organizations to meet their emissions reduction targets?"
"Carbon Neutral Club gives employees the tools, education, and incentives to play an active role in achieving their organization's climate targets," explains Jeff Packer, co-founder of Carbon Neutral Club. "Employees start by calculating their carbon footprints at home and at work. Our Sustainable Behaviors Platform then integrates climate objectives and tactical behavior change opportunities seamlessly into the workday to reward employees for making changes that drive toward corporate carbon reduction targets."
Over the past year, Carbon Neutral Club has rapidly expanded its client base to include hundreds of progressive companies across North America. These companies span publicly traded financial institutions, sustainable brands like Prima and Saie, and fast-growing startups like Manifest Climate, Patch, and Redbrick.
Company: Carbon Neutral Club Inc.
Round: Seed Round
Funding Month: March 2023
Lead Investors: Emend Vision Fund, Blue Vision Capital, and Good News Ventures
Company Website: https://www.carbonneutralclub.com/
Software Category: Sustainable Behaviours Platform
About the Company: Founded in 2021 by Roee Eidan, Jack Bruner and Jeff Packer, Carbon Neutral Club helps organizations of all sizes meet climate targets by harnessing the power of the workforce. Employees are given the tools, education, and incentives to play an active role in achieving their organization's climate plans. Its Sustainable Behaviors Platform integrates climate objectives and tactical behavior change opportunities seamlessly into the workday to reward employees for making changes that drive toward corporate carbon reduction targets.