CarbonFlow adds $1M as it approaches software release
Carbon-trading software company CarbonFlow has added a $1 million follow-on to its first round of $2.9 million, which it first announced in July. The extra investment was provided by @Ventures.
CarbonFlow’s trading software is designed to comply with the carbon standards set by the Kyoto Protocol, although it also includes national standards. Users, typically corporations, can track, buy or sell carbon credits with the system.
The company was founded in 2006 by Neal Dikeman, a green tech journalist from CNET. CarbonFlow later partnered with Det Norske Veritas, a major European verifier of greenhouse gas projects.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.