Lune, a climate-tech startup, has secured a fundraising round led by Crane and 15 angel investors on 21st March 2022.
Using Lune’s API and low/no coding tools, companies may incorporate emissions estimations and carbon removal into their existing goods and services using Lune’s API and standard/no coding tools.
The narrative is radically changed by incorporating climate effect into the customer experience from “climate impact as a cost center” to “climate impact as a growth engine.”
The funds will be utilized to grow the company’s workforce since the company is hiring for various positions.
What the founders have to say:
Erik Stadigh, the co-founder of Lune, said:
“The current status quo is to produce a Sustainability Report that will be hidden someplace on a company’s website, out of sight of most customers. As a result, the company never sees a profit in this region. Sustainability is still viewed as a cost center that fails to compete with efforts that generate income.”
“We founded Lune to make climate impact a no-brainer for forward-thinking companies. Businesses may boost customer acquisition, engagement, and loyalty while also having a measurable positive influence on the environment by incorporating it into their customer experience. With Lune’s API and low/no-code tools for emissions estimates and carbon removal, we hope to simplify it”.
Francesco Simoneschi, co-founder & CEO of TrueLayer, said:
“It is critical for every firm to become more environmentally friendly. TrueLayer values environmental stewardship, which our customers and workers share. Lune was the simplest way for our company to take the first steps, make a genuine difference, and continue to shape the payments industry’s future.”
What the investors have to say:
Scott Sage, Partner at Crane said:
“Lune’s idea has arrived just in time. Consumers and businesses alike are more interested than ever in climate and sustainability. As investors, we’ve witnessed how, over the last decade, every company has evolved into a software company. Similarly, we believe Lune will enable any business to become a climate business. The majority of the money will expand the workforce, allowing Lune to create additional products and better service its clients. The organization is hiring in various areas, including technology, product, commercial, and carbon markets”.
About Lune:
Lune’s goal is to make every product and service have a pleasant climate by default. Climate effect is viewed as a cost center by businesses, and it necessitates a significant amount of effort. Using Lune’s API for emissions calculations and carbon offsetting, companies can easily integrate climate effect into their customer experience. Companies may utilize genuine impact to promote business success this way. Crane and 15 top angel investors sponsored Lune when it was launched in 2021.
To curate a diverse collection of high-impact and innovative projects, Lune works directly with carbon project developers worldwide. With Lune’s API, a store can automatically compute a purchase’s carbon emissions and pay to offset them, all while allowing customers to participate in the carbon project selection process. Payment businesses can also enable their merchant customers to contribute to removing CO2 from the atmosphere with each transaction.
Lune is still in its early phases of commercialization, but it has already attracted many users. TrueLayer and Yapily, two payments and fintech startups, Apex Rides and Budbee, a retail and logistics company, and IDEO, a worldwide design agency, are Lune’s customers.
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