Enduring Planet, a FinTech firm aimed at funding climate entrepreneurs, has reportedly raised $5m in a mixture of debt and equity.
The round comprised of $2.4m in equity and $2.6m in debt, according to a report from TechCrunch.
The company’s investors include Climate Capital, Common Sense Fund, KD Venture Partners, Keiki Capital, Portland Seed Fund and Susquehanna Foundation.
Enduring Planet offers growth capital to companies that are involved in addressing the climate crisis. The company claims a company can apply in under ten minutes. Enduring Planet co-founder and CEO Dimitry Gershenson told TechCrunch, “When the world’s on fire, it’s pretty important that we move quickly and not take six months to underwrite a deal,”
The company delivers checks up to $500,000 in under 30 days.
TechCrunch claims Enduring Planet takes a portion of a company’s monthly revenue – up to 7% – as well as an origination fee.
Earlier in the week, fellow environment-focused investment firm Keewe closed €1.25m in funding
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