# Glow

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/glow-2

- Industry: Renewable Energy
- Headquarters: Cayman Islands
- Website: www.glow.org
- Total disclosed funding: $30M
- Latest round: Series A (Oct 31, 2024)
- Investors on record: 7

## About

Glow, based in the Cayman Islands, specializes in community-driven solar energy solutions, focusing on generating renewable energy through innovative solar farms and verified carbon credits. Founded in 2023 in the Cayman Islands, Glow operates solar energy initiatives that facilitate the transition to renewable energy. The company recently raised USD 30 mn in series A funding on October 31, 2024, with notable investors including Framework Ventures, Union Square Ventures, Protocol Labs, Inc., Hack VC, HF0, Alliance and Lattice Capital Management. Glow's primary offerings revolve around community-powered solar energy solutions, aiming to facilitate the transition towards 100% renewable energy. Their core product involves establishing and managing solar farms that generate clean energy while simultaneously producing verified carbon credits. These solar farms are supported by the Glow Impact Partnership program, which allows individuals and corporations to engage in the mission by contributing to these initiatives and earning Impact Points to track their contributions to reducing CO2 emissions. Additionally, Glow relies on Glow Certification Agents (GCAs) to audit these solar farms, ensuring that carbon credits are accurately verified and reported on-chain, thus bolstering transparency and accountability. Glow's products and services target a diverse client base, including environmentally conscious individuals and corporations, primarily in North America and Europe, where renewable energy initiatives are increasingly prioritized. Glow generates revenue through a combination of partnerships and transactions associated with its solar energy initiatives. Clients, including businesses and individuals, engage with Glow by contributing to solar farm projects, which results in the issuance of carbon credits tied to their contributions. These transactions are structured around the sale and verification of these credits, with clients receiving Impact Points as a form of acknowledgment for their contributions. Additionally, Glow may implement subscription models or partnerships with corporations seeking to offset their carbon footprints, facilitating a direct connection between their brand identity and Glow’s renewable energy mission. This transactional framework supports a sustainable revenue stream that aligns with the company’s commitment to promoting renewable energy solutions. In October 2024, Glow raised USD 30 million in series A funding to bolster its product development and expansion plans. The company intends to introduce new solar energy products and explore further market penetration in North America and Europe, where renewable energy initiatives are a priority. The funding will be utilized to support these strategic initiatives, enhancing Glow's operational capabilities and outreach.

## Funding rounds

- Series A, Oct 31, 2024, $30M — Union Square Ventures, Lattice Capital Management, Hack VC, Protocol Labs, Inc., Framework Ventures, Alliance, HF0

## Investors

- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series A
- Lattice Capital Management (https://capitalatlas.ai/funds/lattice-capital-management) — Series A
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Series A
- Protocol Labs, Inc. — Series A
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Series A
- Alliance (https://capitalatlas.ai/funds/alliance) — Series A
- HF0 (https://capitalatlas.ai/funds/hf0) — Series A