The big news this week was Glow raising US$30 million to support its mission to replace all grid electricity with clean energy.
First off, huge congrats to the team at Glow Foundation for the raise! It's a big win for clean energy and the climate!
It's also proof that Impact DePIN/ReFi companies can raise significant capital from investors. But it comes with a caveat: revenue. Glow holds the distinction of being the DePIN project with the highest daily revenue. $3.4 million on October 31st, to be exact. That's more than 10x what other DePIN projects are doing daily. Much of that comes from protocol fees charged to the solar projects that integrate with the Glow Protocol.
For ReFi projects looking for VC investment, this is (unfortunately) the model. Generate revenue, get investment, scale your impact.
ReFi News
empowa wins Blockchain for Good award
Atlantis unveils Impact Foundry for projects focused on real-world impact
keenest announces 42% increase in valuation of its first funded project
Ethical finance expert Mariana de la Roche joins EthicHub as advisor
Arkreen and PowerPod launch US$100 million RWA initiative to accelerate green energy growth
GoodDollar introduces GoodOffers, a segmented basic income capability
Carbonmark partners with GRO Foundation to support afforestation projects in Uganda
Knowledge
🔊 ReFi Podcast
📖 Nature Tech Collective
📖 Durable CDR Pricing Survey
Making Impact
US$10,542
Amount invested in revenue-generating climate projects by $EARTH.
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