Fundraising Fox

Flowcarbon

New York, US · Founded 2022 · Delaware corporation · 11 employees on LinkedIn · 8 known investors

Flowcarbon provides financing solutions including project finance, private credit, and transferable tax credits for infrastructure, waste-to-value, and niche energy sectors. The firm specializes in capital solutions for frontier industries.

Also known as Flow Carbon Inc. · Flow Carbon, Inc.

Founders & leadership

Flowcarbon was founded in 2022 by Caroline Klatt and Dana Gibber.

CKCaroline Klatt
Caroline KlattinCo-FounderCaroline Klatt previously served as Chief Innovation Officer at ForwardPMX, part of The Stagwell Group, following the acquisition of Headliner Labs, the conversational commerce company she co-founded and led as CEO from 2016 to 2020. She earlier worked in strategy and operations at Fab.com and as a business analyst at McKinsey & Company, with an earlier role in corporate strategy at Collective Brands.
DGDana Gibber
Dana GibberinCo-founder
IS
Ilan SternNamed on SEC filing

Investors · 8

Also in the syndicate · 2

166 2nd Financial ServicesInvesco Private Capital

Reported raises · per SEC filings

Form D private placements

$33.6M disclosed across 2 of 3 rounds · 2022

$1.6MraisedJan 2023 · 2 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Dana GibberExecutive Officer, Director
  • Caroline KlattExecutive Officer
  • Ilan SternDirector
Offering amount
$1.6M
Amount sold
$1.6M
First sale
Dec 2022
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$32MraisedJul 2022 · 7 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Caroline KlattExecutive Officer
  • Ilan SternDirector
  • Dana GibberExecutive Officer, Director, Promoter
Offering amount
$32M
Amount sold
$32M
First sale
Mar 2022
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Flowcarbon (legal entity Flow Carbon Inc.) is a New York-based company operating at the intersection of financial services, decarbonization projects, environmental commodity markets, tax credits and technology. Its stated focus is designing financing structures for capital-intensive carbon removal and frontier-industry projects, combining investment banking, project finance, capital markets and transferable tax credit expertise to connect developers with institutional lenders and investors.

The company's service set spans four areas: origination (identifying and evaluating companies in infrastructure, decarbonization and emerging technology), project screening and diligence (review of offtakes, commercial revenue streams, technology capabilities and risks, tax credits, environmental credits and insurance), deal structuring (financial modeling, contract bankability, matching clients with private credit and alternative financing providers), and tax credit services (structuring and execution for buyers and sellers of transferable tax credits on renewable energy projects). Flowcarbon also acts as a carbon project developer, and publishes educational and market content under its "Knowcarbon" brand while running CarbonSmart webinars, conversations and summit events.

Earlier in its history the company was characterized as a climate technology and crypto firm that brought carbon credits on-chain, tokenizing credits as the Goddess Nature Token (GNT), which could be retired as an offset, sold, used in borrowing and lending, or redeemed for the underlying real-world credit; through its protocol, project developers could reach buyers purchasing credits directly from project proponents. The current site continues to reference a tokenization partnership and blockchain-based project financing products alongside traditional financing.

Founding story

Flow Carbon Inc. was founded in 2021 in New York by CEO Dana Gibber together with co-founders Caroline Klatt, Rebekah Neumann, Adam Neumann and Ilan Stern, initially to let individuals and corporations buy and retire carbon credits using blockchain.

Business model

Flowcarbon provides end-to-end advisory and structuring services for asset-level financing: originating and diligencing projects, structuring deals with private credit and alternative capital providers, and executing transferable tax credit transactions for buyers and sellers. It also acts as a carbon project developer and has offered corporate carbon credit sales portfolio services and blockchain-based project financing products.

Not disclosed in available sources; services described include advisory and structuring work on project finance and private credit transactions, transferable tax credit execution, carbon project development and corporate carbon credit sales portfolio services.

Traction

Reported a team of 35 employees as of June 2022. In December 2024 Clean Maine Carbon issued its inaugural biochar carbon credits with Flowcarbon acting as carbon developer via the Puro.earth platform. The company was named to America's Top GreenTech Companies 2024 by TIME and Statista, entered a partnership with the Aptos blockchain in 2023, joined Celo's Climate Collective in 2022, and states it has been selected for a tokenization partnership.

Latest developments

In December 2024 Clean Maine Carbon issued its inaugural biochar carbon credits with Flowcarbon as carbon developer via the Puro.earth platform. The company published Knowcarbon commentary through early 2025, including pieces on private credit funding the climate transition (February 2025), a 2025 'Projects & Money' recap (February 2025), U.S. energy executive orders (January 2025), and Treasury/IRS final rules on the IRA clean hydrogen production tax credit (January 2025). Its site promotes an upcoming CarbonSmart Summit and announces selection for a tokenization partnership.

Full profile — market position, technology, go-to-market, geography, history

Market position

Positions itself as a specialist structured-finance intermediary for carbon removal and frontier infrastructure sectors. It was named to TIME and Statista's America's Top GreenTech Companies 2024 list in the Carbon Capture & Offset Solutions category, and cites Andreessen Horowitz, General Catalyst and Samsung Next among its backers.

Combines project finance, private credit, capital markets and transferable tax credit expertise in one team, covering origination through diligence, structuring and tax credit execution, and pairing traditional financing with blockchain-based carbon credit products.

Technology

Historically the company issued carbon credits on-chain, bundling them into the Goddess Nature Token (GNT), a token that could be retired as an offset, traded, used as collateral for borrowing and lending, or redeemed for an underlying carbon credit, with a protocol connecting project developers to on-chain buyers. The current site references a tokenization partnership and blockchain-based project financing products alongside conventional structured finance work.

Go-to-market

Direct outreach and inbound contact via its website, supported by content marketing through the Knowcarbon resource hub and by hosting CarbonSmart webinars, conversations and an annual summit; also visible through podcast appearances, conference participation and press coverage.

Developers and companies in infrastructure, decarbonization, waste-to-value, niche energy and other frontier sectors seeking project finance or private credit; buyers and sellers of transferable renewable energy tax credits; institutional investors and lenders; corporates purchasing carbon credits.

Geography

Headquartered in New York City with an additional office in London; as of June 2022 the team worked across New York, Montana and Berlin.

History

The company states it was founded in 2021, with co-founders identified as CEO Dana Gibber, Caroline Klatt, Rebekah Neumann, Adam Neumann and Ilan Stern. It initially built blockchain-based carbon credit products, including the Goddess Nature Token, and raised a Series A in May 2022 led by Andreessen Horowitz. By 2024 it was positioning itself around project finance, private credit and transferable tax credits for carbon removal, infrastructure, waste-to-value and niche energy sectors, while also acting as a carbon project developer.

Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
EmployeesJun 202235 people

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 9

by search overlap
Carbon Direct78 shared keywords
Wri74 shared keywordsThe World Resources Institute (WRI) is a global research organization whose experts and staff work on food and land use, energy, cities, climate, economics, finance, and governance. It operates with over 2,000 staff across more than a dozen focus countries and partners in over 50 nations.
Sylvera59 shared keywordsSylvera provides carbon credit ratings, pricing intelligence, and market forecasts covering voluntary, CORSIA, and Article 6 markets to help investors identify opportunities, value portfolios, and underwrite delivery risk. Its platform includes pre-issuance ratings, real-time spot pricing, buyer activity data across 40,000+ companies, and a marketplace connecting buyers and suppliers.
Senken44 shared keywordsSenken operates a carbon credit platform that vets and rates projects using its Sustainability Integrity Index, selecting a small fraction of available credits and building portfolios with corporate sustainability buyers. It serves companies purchasing carbon credits and works on a partnership basis rather than self-serve, without holding its own inventory.
undp41 shared keywordsThe United Nations Development Programme (UNDP) is the UN's lead agency on international development, working in around 170 countries to reduce poverty, advance the Sustainable Development Goals, and support climate action, governance, crisis resilience, and digital transformation. It provides policy support, financing instruments, and capacity building to governments and communities worldwide.
Patch41 shared keywordsPatch provides AI-native software and market data to help enterprises navigate environmental markets and scale climate action programs. The company offers end-to-end environmental resource solutions combining embedded climate expertise with proprietary data for corporate sustainability.
Lune38 shared keywordsLune provides AI-powered CO₂ tracking, carbon accounting, emissions reporting, and carbon offsetting tools that logistics, spend management, and procurement platforms embed into their products. It serves these B2B platforms to help their clients meet climate compliance and reduce supply chain emissions.
Supercritical37 shared keywordsSupercritical sources, co-develops, and distributes carbon removal supply, including an agreement with biochar project Exomad Green for up to 500,000 tonnes through 2028. It focuses on finding and creating carbon removal projects and providing distribution to buyers.
Isometric37 shared keywordsIsometric operates Certify, an AI-agent certification platform and public registry for carbon removal and reduction credits, verifying project evidence across areas such as industrial materials, capture and storage, clean power, and low-carbon fuels. It serves project developers and auditors, publishing each certificate with a full chain of custody from issuance through retirement.

Companies competing with Flowcarbon for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 6

launches, deals, and filings
Dec 2024
Clean Maine Carbon issues inaugural biochar carbon credits with Flowcarbon as carbon developer

Credits issued via the Puro.earth platform, with Flowcarbon acting as carbon developer.

source ↗

Mar 2024
Named to America's Top GreenTech Companies 2024 by TIME and Statista

Recognized in the Carbon Capture & Offset Solutions category for traditional and blockchain-based project financing products and corporate carbon credit sales portfolio services.

source ↗

Feb 2024
Finance tool to help scale carbon dioxide removal

Quantum Commodity Intelligence reported that Flowcarbon would offer a finance tool to help scale CDR.

source ↗

Sep 2023
Aptos partners with Flowcarbon on carbon-negative initiative

source ↗

May 2022
Series A round led by Andreessen Horowitz

Flow Carbon Inc. raised USD 70 million in Series A funding led by Andreessen Horowitz, with participation from General Catalyst, Samsung Next, Invesco Private Capital, 166 2nd Financial Services, RSE Ventures, Allegory Venture Partners and individual investors; proceeds earmarked for further development of blockchain-based carbon trading tools. Press coverage in May 2022 also reported a $32 million raise by the US start-up amid plans to expand its portfolio of carbon tokens, and Fifth Wall published a note on investing $4 million in carbon offset tokens with Flowcarbon.

$70M source ↗

Mar 2022
Flowcarbon joins Celo's Climate Collective

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
FlowcarbonDelaware

In the news

Research sources · 7

primary sources listed

7 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Flowcarbon do?
Flowcarbon structures project finance, private credit and transferable tax credit solutions for carbon removal and infrastructure projects.
Who founded Flowcarbon?
Flowcarbon was founded by Caroline Klatt, Dana Gibber in 2022.
Who are Flowcarbon's investors?
Flowcarbon's investors include a16z crypto, Andreessen Horowitz, RSE Ventures, Samsung Next, Vibe Capital, General Catalyst.
How much funding has Flowcarbon raised?
Flowcarbon has disclosed $33.6M raised across 2 of its 3 known rounds.
Where is Flowcarbon headquartered?
Flowcarbon is headquartered in New York, US.