What is Tradewater?
Tradewater operates as a mission-based entity focused on mitigating climate change through the responsible collection and destruction of greenhouse gases, primarily old refrigerants. By converting these harmful substances into independently verified, high-quality carbon offset credits, the Chicago-headquartered company plays a crucial role in environmental stewardship. To date, Tradewater has successfully collected and destroyed over 1 million pounds of old chlorofluorocarbon (CFC) refrigerants, preventing the atmospheric release of greenhouse gases equivalent to 5.1 million metric tons of CO2. This achievement is comparable to removing approximately 900,000 cars from the road, highlighting the company's significant impact on global carbon reduction efforts.
How much funding has Tradewater raised?
Tradewater has raised a total of $488K across 2 funding rounds:
Debt
$150K
Debt
$338K
Debt (2020): $150K with participation from PPP
Debt (2021): $338K led by PPP
Key Investors in Tradewater
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Tradewater?
With its recent large-scale, late-stage funding, Tradewater is poised for accelerated growth and expanded operational capacity. The strategic investment signals confidence in the company's business model and its ability to scale its impact in the burgeoning carbon markets. Future initiatives will likely focus on enhancing refrigerant collection infrastructure, expanding global reach, and further developing its carbon credit verification processes to meet increasing demand from corporations seeking to offset their environmental footprint. This capital infusion will be instrumental in solidifying Tradewater's position as a leader in climate change mitigation through refrigerant management.
See full Tradewater company page
