Blockchain Carbon Credit Trading Platform Flowcarbon Closes $70 Million in Financing Led by a16z

Flowcarbon, a blockchain carbon credit trading platform, closed a $70 million round of funding, including $32 million led by a16z, with participation from Samsung Next and General Catalyst, and $38 million raised through the sale of its Goddess Nature Token ($GNT) tokens. Flowcarbon, which is backed by WeWork founder Adam Neumann, allows project developers to sell their carbon credits through tokens, allowing them to access lower cost funding and scale their projects more quickly.