Funding
Future™ Secures $5.3M Seed Investment to Pay You to Fight Climate Change.
The fast-growing fintech is building the most rewarding way to pay for consumers and the planet.
Future™, the movement to accelerate the shift to a low-carbon economy through financial rewards, has raised $5.3M in seed funding. Led by Accomplice, with participation from Active Impact Investments, Techstars Ventures, Urban Impact Ventures, Climate Capital, and the author, activist, and host Baratunde Thurston.
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 Future 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.
“We are thrilled to lead this investment in Future,” said Ryan Moore, Co-founder of Accomplice. “More and more consumers across the country are looking for simple and rewarding ways to do right by our planet. Future is building a new category of financial product that helps them do just that.”
Future was founded in the fall of 2021 by Jean-Louis Warnholz and Kamal Bhattacharya and has since grown to over 20 team members across product and engineering, growth, partnerships, and operations. “There’s a common misconception that reducing carbon emissions in our day-to-day life is hard and expensive,” said Jean-Louis Warnholz, Future’s CEO. “Future is on a mission to change that by connecting our members with brands, products, and services that are good for your wallet and good for the planet.”
With this seed round of funding, Future will launch even more rewarding ways to tackle climate change and will add more game-changing brands to the rewards ecosystem. Current FuturePartners, with elevated 6x rewards and weekly raffles, include Back Market, Rad Power Bikes, Just Salad, Ministry of Supply, For Days, Earth Hero, Fulton, Everlasting Wardrobe, and Hilos. To learn more about Future and to reserve a FutureCard, click here.
“There has been so much innovation in expanding low-carbon choices for consumers, from plant-based protein and circular fashion to electric mobility,” said Mike Winterfield, Founder of climate VC Active Impact Investments. “Future is leveraging AI to maximize the benefits of the emerging low-carbon economy for consumers and the planet.”
About Future™: Future is building a payments and rewards ecosystem for the low-carbon economy, inspiring the shift to low-carbon products and services with outsized financial incentives. Future pays consumers to reduce their carbon footprint. Future launched the FutureCard Visa Card, initially with 5% cashback for climate-friendly purchases and a proprietary FutureScore to track individual impact on the climate and get personalized recommendations to earn more cash and emit less carbon.
Funding
Tulsa based FortySix Venture Capital Announces Investment in Exum Instruments’ Series A Round
FortySix Venture Capital LLC, (46VC), a Tulsa-based venture capital firm, is excited to announce its strategic investment in Exum Instruments’ Series A funding round, marking the first investment from their recently launched Kinetic Fund.
Exum Instruments, a Denver-based scientific instruments company, has developed the revolutionary Massbox™, a cutting-edge instrument that democratizes mass spectrometry analysis. Unlike traditional analytical tools that were primarily accessible to PhD chemists, the Massbox’s innovative design and user-friendly software empower individuals across various scientific disciplines to conduct accurate and efficient chemical characterization in a matter of minutes with mobile capability. For a variety of end users, this accelerates new material development, quality control, failure analysis and more.
This round of funding will play a pivotal role in supporting the company’s expansion plans. With the funding, Exum Instruments aims to establish a state-of-the-art manufacturing plant, enabling them to scale up production significantly. This increased manufacturing capacity will not only meet the rapidly growing demand for the Massbox™ but also position Exum Instruments as a key player in the scientific instruments market. Massbox™ has been adopted by several manufacturing concerns and high-profile laboratories, including the Department of Energy national labs, Los Alamos National Lab and the SLAC Accelerator Lab. Tracy Poole, Managing Partner of 46VC had this to say about the investment: “We were excited to be in a position to join with a group of local investors like Energy Innovation Capital, Advantage Capital, Boyd Street Ventures, Alchemy Capital and Cortado Ventures to advance innovation in the materials and energy spaces and help bring a top-notch team of innovators to build in Tulsa“. Jeff Williams, Exum CEO stated, “We are thrilled and honored to receive support from some of the strongest VCs in the region, and we look forward to leveraging their broad experience and connections to fuel our growth.”
The investment will enhance the local economy and promote innovation in the region by generating 25-30 high-tech jobs in Tulsa. This significant contribution is made possible through 46VC’s special partnership with the Oklahoma Center for the Advancement of Science and Technology (OCAST) leveraging OCAST’s recent investment of U.S. Treasury’s SSBCI funds in 46VC’s Kinetic Fund.
About 46VC
46VC is a venture capital fund manager based in Tulsa, Oklahoma. 46VC has a regional strategy to invest in startups and technologies in the heartland region where it has unique access to deal flow and domain expertise.
For more information on 46VC please visit the firm’s website at www.46.capital
About Exum Instruments
Exum Instruments is a scientific instrumentation company building instruments and software ecosystems to increase the speed of materials development and discovery, offering easy access to high performance at a low cost. Exum’s first instrument, The Massbox™, is the first Laser Ablation Laser Ionization Time of Flight Mass Spectrometer (LALI-TOF-MS) on the market, capable of analyzing any sample you can throw at it – precisely, rapidly, and inexpensively.
For more information on Exum, please visit: www.exuminstruments.com
Investment round led by Bank of America with significant participation from Pivot Investment Partners and ING Ventures
OpenFin, the operating system (OS) of enterprise productivity, today announced that it has secured $35 million in Series D investment. The latest funding round was led by Bank of America with significant participation from Pivot Investment Partners and ING Ventures. Additional investors in the round include CME Ventures, CTC Venture Capital, SC Ventures and Tribeca Early Stage Partners.
The investment will be used to help accelerate the adoption of OpenFin OS across the financial industry and beyond. OpenFin’s web-based OS is becoming a de facto standard in financial services for powering next-generation applications and digital experiences for employees and clients. The software is now used at more than 3,800 banks, wealth, and asset management firms in 60+ countries.
The funding round comes during a period of record growth for OpenFin driven by rapid adoption of OpenFin Workspace, the visual interface of OpenFin OS. Introduced in 2021, OpenFin Workspace includes an app launcher, notification center, universal search, an enterprise browser with default interoperability, and app store capabilities. These components help unify and simplify the end user experience across both internal and 3rd party apps, significantly enhancing productivity and reducing operational risk.
According to multiple recent surveys from Forbes Technology Council, Harvard Business Review1 and others, end users experience anywhere from 2 to 4 hours of lost productivity each day, often referred to as the “toggle tax”. The wasted time stems from employees using anywhere from 7 to 35 apps a day, toggling between those apps thousands of times a day, and individually searching apps an hour a day. This translates to a cost of millions or tens of millions of dollars a year in lost productivity depending on the size of an organization.
Dinkar Jetley, Co-Founder and Managing Partner at Pivot Investment Partners, said: “OpenFin provides the financial industry with a truly open workspace platform that is unrivaled when it comes to app distribution, security, interoperability, scale and governance. We have backed OpenFin’s vision since 2015 and are delighted to support the company as they expand across the financial sector and beyond.”
Last year, OpenFin announced its expansion into the government sector via a strategic partnership and investment from In-Q-Tel (IQT).
Mazy Dar, CEO of OpenFin said: “This is a significant milestone in OpenFin’s mission to enable openness, app interoperability and end user productivity across the financial industry. OpenFin Workspace is empowering financial institutions to transform experience for their employees and their customers, replacing traditional browsers with an enterprise browser designed for work. We’re delighted to welcome Bank of America as our newest strategic investor and we’re grateful for the continued support from Pivot Investment Partners and so many other existing investors.”
Other major OpenFin investors include Bain Capital Ventures, Barclays, DRW Venture Capital, HSBC, J.P. Morgan, NYCA Partners and Wells Fargo Strategic Capital.
About OpenFin
Move Fast. Break Nothing. OpenFin is The Operating System of Enterprise Productivity, enabling app distribution, workspace management and workflow automation. OpenFin OS currently runs at more than 3,800 banks and buy-side firms with thousands of internal apps and apps from the global vendor community. OpenFin investors include Bain Capital Ventures, Barclays, In-Q-Tel, CME Ventures, CTC Venture Capital, DRW Venture Capital, HSBC, ING Ventures, J.P. Morgan, NYCA Partners, Pivot Investment Partners, Standard Chartered and Wells Fargo Strategic Capital among others. The company is based in New York with an office in London and presence in Hong Kong and Singapore.
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