SAN FRANCISCO, April 28, 2022 /PRNewswire/ -- Carbon Collective, the first online investment advisor 100% focused on solving climate change, today announced an oversubscribed seed round at $2.2 million, featuring Powerhouse Ventures, HyperGuap, and Elevation Ventures. This adds to additional funds raised by earlier seed and angel investors Precursor Ventures, My Climate Journey, and Climate Capital.
Founded in 2020, Carbon Collective has a B2C robo investment offering, a B2B Green 401(k), compiled the most comprehensive list of climate solution stocks in its 2022 Climate Index, and they recently published their educational Ultimate Guide to Sustainable Investing. The seed round funds will be used to launch an initial investment product, improve the member experience, and hire talent.
"For us to solve climate change and avoid catastrophic warming, we need sustainable investing to be simple, affordable, and be driven by a clear theory of change. However, current ESG investing options offer just the opposite. These options are based on a complex series of proprietary data, which are not accessible to the retail investor, are more expensive than generic investing, and have no clearly defined link to how your investments can drive impact," said Zach Stein, co-founder, Carbon Collective.
"Powerhouse Ventures has been looking for a company like Carbon Collective for years," said Emily Kirsch, Managing Partner, Powerhouse Ventures. "Retail investors are demanding investment opportunities that actually advance climate solutions and the market has not delivered, until now. We are excited to back the Carbon Collective team and to use the platform ourselves."
In addition to closing the seed round, Carbon Collective announced that Brooke Tomasetti has joined the team as Director of Financial Education and Community. Tomasetti is a personal finance coach and founder of Money Life Mentor. She immediately contributed to the recently published Ultimate Guide to Sustainable Investing, specifically writing the fundamentals of investing chapter. In her role, she will also drive the Company's education, social media presence and be a featured personal finance resource for interviews, guest articles, and workshops.
"The world only changes when enough individuals decide to change it," added Stein. "To have the level of impact we intend to have, we have to start from the bottom up. Given that, our goal with this raise is to continue broadening our foundation of mission-driven investors through our low-fee, zero minimum robo advisor and green 401(k) program for mission-driven startups and nonprofits."
About Carbon Collective
Carbon Collective is the first 100% climate focused online investment advisor with the mission to close the annual $5 trillion climate investment gap. By divesting portfolios from fossil fuels, and reinvesting that same allocation in climate solutions, Carbon Collective makes investing in climate solutions accessible to all with low fee, zero minimum, highly diversified portfolios, with 85% fewer emissions. The Company augments its investment strategy with shareholder advocacy, leveraging member's votes to advocate for corporate climate action. Founded by Zach Stein and James Regulinski, and backed by prominent venture capital firms like Precursor Ventures and My Climate Journey, Carbon Collective is out to disrupt the finance industry and solve climate change.
For more information on Carbon Collective, please visit https://www.carboncollective.co
Advisory services provided by Carbon Collective Investment LLC ("Carbon Collective"), an SEC-registered investment adviser. A copy of Carbon Collective's current written disclosure statement discussing Carbon Collective's business operations, services, and fees is available at the SEC's investment adviser public information website – www.adviserinfo.sec.gov or our legal documents here.
The articles and research support materials available on this site are educational and are not intended to be investment or tax advice. Carbon Collective does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Carbon Collective's web site or incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
Investments in securities: Not FDIC Insured • No Bank Guarantee • May Lose Value. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and Carbon Collective's charges and expenses. Carbon Collective's internet-based advisory services are designed to assist clients in achieving discrete financial goals. They are not intended to provide comprehensive tax advice or financial planning with respect to every aspect of a client's financial situation and do not incorporate specific investments that clients hold elsewhere. For more details, see our Form CRS, Form ADV Part 2 and other disclosures. Past performance does not guarantee future results, and the likelihood of investment outcomes are hypothetical in nature. Not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where Carbon Collective is not registered.
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