We’re thrilled to share that EcoCart has raised $14.5 million in Series A funding.
We want to start this note off by saying, to our investors, customers, and partners, thank you. You’ve helped lift and shape EcoCart into what it is today, and for that we are grateful. To our team, we’re proud to work amongst you every day. We’re honored that you’ve chosen to dedicate your time, energy, and skills to helping us build EcoCart into the product and company that it is today, and for helping to inspire a sustainable shopping movement.
We were inspired to start EcoCart after we encountered our own struggles when scaling a business that we wanted to operate as sustainably as possible. We realized that everything had an unavoidable carbon footprint and we, like many other businesses, found ourselves having to prioritize our bottom line as a company over what was best for the environment.
When we began conducting our research to see what we could do to counteract these unavoidable carbon footprints, we were introduced to the carbon offset market. From there, we began putting two and two together as we realized other ecommerce businesses were encountering similar difficulties as us. This is when we knew we needed to work on a solution that connected the two worlds in a more accessible and seamless manner. That idea soon turned into us working with climate experts to develop what would become EcoCart’s algorithm that calculates the carbon footprint of each online order.
Over two years later EcoCart has grown immensely, and so has the resulting positive impact on the planet. With the help of the entirety of the EcoCart community, we’ve successfully offset more than 100 million pounds of carbon, which is equivalent to protecting more than 20,000 trees. What started out as a skeleton crew with little funding has grown to over 30 employees around the world, with over 2000 merchants offering a more sustainable shopping experience.
This new round of funding will be instrumental in EcoCart’s mission to offset the negative environmental impact of every online order. With this new funding, we will continue launching new features and building advancements, we’ll expand the sustainability projects we’re funding, and we’ll continue to grow the team to meet demand and implement new processes and services. Being supported by Fifth Wall, Capital One Ventures, Ryder, Base10, and other investors who believe in our mission means the world to the entire EcoCart team, and especially to us.
Carbon offsetting is not the end-all-be-all solution to climate change, but it is crucial in our journey toward shaping a more sustainable and should be included in every brand’s sustainability strategy. EcoCart is leveraging the immense power of digital commerce as a force for good in the world and making the world a more healthy place for generations to come.
– Dane Baker & Peter Twomey, Co-Founders
P.S. If our mission is something that excites you or anyone in your network, we’re hiring! We’re always looking for passionate and talented individuals to join us on our journey.