Get-Neutral App Seeks Cash to Highlight Climate Harm - Bloomberg
Get-neutral GmbH, a startup company with a mobile phone application displaying carbon footprint information about products that allows users to offset CO2 emissions, is seeking funding to grow across Europe. The six-month-old company is looking to get 1.5 million euros ($1.9 million) by the end of this year to boost operations in Germany, Switzerland, Austria and Luxembourg. Get-neutral will seek as much as 6 million euros in a further round of funding in the second quarter of next year. “We have to make money and we want to grow fast,” co- founder and Chief Executive Officer Holger Rupp said in a June 8 telephone interview from Reutlingen, Germany. “We can only have an impact against climate change if we grow fast and reach the mainstream population.” Venture capital and private equity companies put $1.15 billion into new clean energy investments last year as innovators race to find solutions to curb climate-harming emissions, according to Bloomberg New Energy Finance. The mobile apps market may reach $27 billion by 2015, according to Constellation Research Inc., an early-start technology adviser in San Francisco.
Wednesday, June 13, 2012
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