Delivering climate impact initiatives is often seen as a cost centre and a big undertaking, which has led to businesses being slow to act. Lune aims to change this by offering an API and software tools to make it easy for any business to integrate climate impact into their customer experience – starting with carbon emissions calculations and carbon removal. By making it a seamless part of the customer experience, businesses can turn real impact into a growth driver.
Today, the company announces a $4m funding round led by early-stage VC Crane, with participation from 15 reputable angel investors, including Maximilian Tayenthal (co-founder of N26), Fredrik Hjelm (co-founder of Voi) and Tony Jamous (co-founder of OysterHR & Nexmo).
In many industries today, such as payments and banking, it is almost impossible to find any climate-friendly services – despite consumers actively searching for visibly climate-friendly products. Lune’s research shows that over 70% of European consumers want a “green payment method” that tackles climate change. And in the retail space, three in four consumers are more loyal to brands that offset the carbon footprint of a purchase.
To address these challenges, Erik Stadigh, formerly a VC investor at Crane, and Roberto Bruggemann, most recently a Principal Engineer at Freetrade, co-founded Lune on a mission to make every product and service climate positive by default.
Erik Stadigh, co-founder of Lune, explains:
Lune partners directly with carbon project developers across the world to curate a diverse selection of high-impact and innovative projects. With Lune’s API, a retailer can automatically calculate carbon emissions of a purchase and pay to neutralise it, while transparently allowing consumers to engage in the choice of carbon project. In a similar manner, payments companies can allow their merchant customers to contribute to removing CO2 from the atmosphere with every transaction.
Lune is still in the early stages of commercialisation but is already experiencing strong user uptake. Lune’s customers include payments and fintech companies TrueLayer and Yapily, retail and logistics firms Apex Rides and Budbee, and global design company IDEO, among others.
Francesco Simoneschi, co-founder & CEO of TrueLayer, explains:
Roberto Bruggemann, Lune’s co-founder, describes an additional benefit in integrating carbon removal into products:
Scott Sage, Partner at Crane, comments:
The majority of the funding will be used to expand the team, enabling Lune to build more products to better serve its customers. The company is currently hiring across several functions spanning tech, product, commercial, and carbon markets.
The press release about Lune's fundraising was featured in:
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