Future, a Silver Spring, MD-based company that aims to accelerate the shift to a low-carbon economy through financial rewards, raised $5.3m in seed funding.
The round was led by Accomplice, with participation from Active Impact Investments, Techstars Ventures, Urban Impact Ventures, Climate Capital, and the author, activist, and host Baratunde Thurston.
The company intends to use the funds to launch more rewarding ways to tackle climate change and will add more brands to the rewards ecosystem.
Founded in the fall of 2021 by Jean-Louis Warnholz and Kamal Bhattacharya, Future is empowering consumers to reduce their carbon emissions and earn extra cash. While most cards give the highest rewards for activities with a high carbon footprint, like flying or filling up your tank, FutureCard Visa Card gives its highest rewards in the fast-growing low-carbon economy. Future offers up to 6% cashback on greener alternatives to everyday spending across transportation, food, fashion, devices, beauty, and furniture. There’s no interest, and the company doesn’t use members’ points to plant trees or buy other carbon offsets. Instead, the focus is on making low-carbon products and services more readily accessible for families and individuals across America.
Current partners include Back Market, Rad Power Bikes, Just Salad, Ministry of Supply, For Days, Earth Hero, Fulton, Everlasting Wardrobe, and Hilos.
FinSMEs
21/09/2022