Meet the climate startup helping other climate startups fund their ventures with lower cost loans
undefined 25, 2024
Government grants and contracts are crucial for climate tech and clean energy firms, but often come with delayed payments or upfront cash needs. Enduring Planet, founded in 2021 and based in the Pacific Northwest, addresses this gap by offering loans secured against these grants and contracts. Recently expanding to provide CFO services, the startup has raised $9 million to lend to climate tech startups, supported by investors like Green Spark Ventures and ImpactAssets. Despite interest rates up to 18.5%, fees are capped at 1.5%, making it a competitive option. Enduring Planet aims to streamline climate finance, offering connections to VC networks for additional funding.
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