Total amount raised
$23 Millions
Latest funding date
12/01/2022
Location
Title
Treecard has successfully raised significant funding to support its mission of promoting sustainable living through innovative eco-friendly initiatives. The platform offers unique features such as "Walk to Plant," "Ethical Spend," and various planet-friendly rewards.
Keep reading to explore the intricacies of Treecard's fundraising journey and the investors backing this impactful platform.
What Is Treecard?
Treecard, founded in 2020, is dedicated to promoting sustainable living through its innovative offerings. The company is based in London and was co-founded by Jamie Cox, James Dugan, and Thiel Fellow Peter Francis.
Treecard offers a Mastercard® Debit Card that allows users to plant trees with their steps, earn points for ethical purchases, and receive planet-friendly rewards. The card is issued by Sutton Bank.
With a growing team of over 20 employees, Treecard continues to expand its impact on environmental sustainability and ethical consumerism.
How Much Funding Has Treecard Raised?
- Amount Raised: $23 million Date: December 2022 Lead Investors: Valar Ventures, World Fund, EQT, Seedcamp, Episode 1, Angels Motivation Behind the Round: The company intends to use the funds to expand operations and enter the US markets.
Total Amount Raised: $23 million. Current Valuation: Not publicly disclosed.
Key Investors
- Valar Ventures
- Details: Valar Ventures is a venture capital firm co-founded by Peter Thiel. It focuses on investing in early-stage technology companies.
- Investment Focus Areas: Fintech, SaaS, Consumer Internet
- Notable Investments: TransferWise (now Wise), N26, Xero
- World Fund
- Details: World Fund is a venture capital firm dedicated to climate tech investments. It aims to support companies that contribute to reducing carbon emissions.
- Investment Focus Areas: Climate Tech, Renewable Energy, Sustainable Agriculture
- Notable Investments: Specific notable investments are not mentioned in the available sources.
- EQT
- Details: EQT is a global investment organization with a focus on private equity, infrastructure, and real estate. It has a strong track record of supporting companies in various sectors.
- Investment Focus Areas: Private Equity, Infrastructure, Real Estate
- Notable Investments: AutoStore, Epidemic Sound, IFS
- Seedcamp
- Details: Seedcamp is a European seed fund that invests in early-stage startups. It has a reputation for backing some of the most successful tech companies in Europe.
- Investment Focus Areas: Fintech, SaaS, Health Tech
- Notable Investments: Revolut, TransferWise (now Wise), UiPath
- Episode 1
- Details: Episode 1 is a venture capital firm that invests in early-stage technology companies. It focuses on supporting innovative startups with high growth potential.
- Investment Focus Areas: Technology, SaaS, Marketplaces
- Notable Investments: Carwow, Triptease, AimBrain
What's Next for Treecard?
Treecard's future looks promising as it gears up to expand its operations and enter the US market. With $23 million in funding, the company has a significant opportunity to increase its environmental impact by planting more trees and tapping into the large US financial services sector. This expansion could attract additional investors interested in climate-conscious fintech solutions.
However, Treecard may face challenges such as competition in the fintech sector and regulatory hurdles in different markets. Ensuring the sustainability and scalability of their reforestation efforts will also be crucial. As the company grows, it is likely to see more funding rounds and potential acquisition interest from larger financial institutions.
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