Avaana Capital Led $5 M Seed Round Funding For Terra.do
To scale the app, Terra.do announced the close of a $5 million seed investment round. The round was led by Avaana Capital, a $150 million climate-focused fund, and included participation from SIG, the TELUS Pollinator Fund for Good, Precursor, BEENEXT, City Light, Hummingbird Firm, and Avesta
Terra.do, a global climate career platform with the mission to get 100 million people working in climate by 2030, today announced the launch of its mobile app on the Apple App Store and Google Play Store. The free app offers unique, insider access to climate professionals and hiring managers at top climate tech companies, facilitating direct connections between climate employers and prospective talent. The app also allows users to apply for Terra.do’s highly sought-after and extremely effective climate fellowships. The release brings climate jobs, learning, and a vibrant community together in a single all-encompassing platform, making Terra.do the ideal starting point for the burgeoning base of professionals looking to build their careers in climate.
To scale the app, Terra.do announced the close of a $5 million seed investment round. The round was led by Avaana Capital, a $150 million climate-focused fund, and included participation from SIG, the TELUS Pollinator Fund for Good, Precursor, BEENEXT, City Light, Hummingbird Firm, and Avesta. In keeping with the company’s community-focused spirit, the round supplemented traditional VC fundraising with participation from 150+ entities and individuals residing in a dozen countries. These included community-driven syndicates such as MCJ Collective, E8 Angels, C3, and Stanford Angels & Entrepreneurs, and well-known individuals including Albert Wenger (founder, Union Square Ventures), David Helgason (founder, Unity), and others. Completing the round were investments from more than 50 Terra.do alumni, ranging from farmers who run the Terra.do Climate Farm School to former oil and gas executives making clean-energy transitions and activist shareholders who shook up ExxonMobil’s board.
“The time is now and the climate crisis is not waiting, nor will it fix itself,” said Anshuman Bapna, co-founder and CEO of Terra.do. “We are on the precipice of real change—both the industry and talent have woken up to the impacts of the crisis and the hard work that is required. Opportunities abound in every corner of the world and within every aspect of society. Terra.do’s mission is now more relevant than ever; with funding closed and a new app launched, we are ready to run at warp speed to contribute to solving this crisis.”
Anjali Bansal, founder and chairperson of Avaana Capital, added, “At Avaana, we believe that climate and sustainability are the next digital. The climate crisis will require every aspect of our economy to transform and incorporate sustainability, resulting in the emergence of the climate economy. The current talent funnel for climate- and sustainability-trained professionals is broken, creating a large gap that will need to be filled at Internet scale. Terra.do’s exciting new app and
unique integrated approach, combining learning and jobs and empowered by a strongly engaged community, will enable better outcomes and help each one of us become a climate worker.”