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Home Featured

Terra.do launches mobile app, receives $5m funding

Team AsiaTechDaily by Team AsiaTechDaily
16 June 2022
in Featured, Venture Capital
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Terra.do

Anshuman Bapna, co-founder and CEO of Terra.do

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Terra.do, a global climate career platform with the goal of putting 100 million people to work in the field by 2030, has launched a mobile app on the Apple App Store and Google Play Store.

The free software provides insider access to leading climate tech businesses’ hiring managers and climate professionals, allowing for direct contact between climate employers and potential employees. Users can also apply for Terra.do’s highly sought-after and highly effective climate fellowships through the app.

Terra.do is the appropriate beginning point for the expanding population of professionals wishing to build their careers in climate change, as it puts climate jobs, learning, and a thriving community together in a single all-encompassing platform.

Terra.do announced the closing of a $5 million seed investment round to help scale the app.

SIG, the TELUS Pollinator Fund for Good, Precursor, BEENEXT, City Light, Hummingbird Firm, and Avesta were among the investors in the round, which was led by Avaana Capital, a $150 million climate-focused fund.

The round complemented standard VC funding with participation from 150+ entities and individuals from a dozen countries, in keeping with the company’s community-focused philosophy. MCJ Collective, E8 Angels, C3, and Stanford Angels & Entrepreneurs were among them, as were well-known personalities such as Albert Wenger (founder of Union Square Ventures), David Helgason (founder of Unity), and others.

More than 50 Terra.do alumni contributed to the round, ranging from farmers who manage the Terra.do Climate Farm School to former oil and gas executives transitioning to renewable energy and activist shareholders who shook up ExxonMobil’s board of directors.

Anshuman Bapna, co-founder and CEO of Terra.do, said with the funding and a new app they have launched, they are now ready to “run at warp speed” to contribute to solving the climate crisis.

Anjali Bansal, founder, and chairperson of Avaana Capital, added, that they believe that climate and sustainability are the next digital.

“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,” Bansal said in a statement.

Climate tech now accounts for 14 cents of every venture capital dollar, according to the PwC State of Climate Tech 2021 study, implying probable skill shortages. The new Terra.do app seeks to connect the dots.

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