Sphere

Working to move $1T out of risky fossil fuels into climate funds, featured in Forbes & FastCompany

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Security Type
CAFES
Categories
Financial Services, Other, VC-Backed, Technology, Sustainability
Min Investment
$10
Location
Covina, , CA
Website
oursphere.org

Key Deal Facts

Second-time founder with first company valued over $500M.
About to reach another 32% of the market. Fidelity approved us after we got $25M in advisor demand.
26M views on viral campaign and working with 70+ celebrities to bring awareness to the cause.
378% Year-over-Year growth.
Available on over 150 401(k) plans and growing. Just qualified to be added to Fidelity.
Backed by VCs and angel groups Pale Blue Dot, Climate Capital, C3, Cool Climate Collective and more.
Featured in Forbes, FastCompany, Morningstar, TechCrunch, SF Chronicle, and more.
Team with decades of experience in values-aligned investment management at BofA, US Bank, and more.

Management Team / Advisory Board Bios

VC-Backed
Raised $250K or more from a venture firm, Repeat Founder
Founder has started a previous company funded with $2M+, Investment Memo
An investor has written an Investment Memo, Alex Wright-Gladstein Founder and CEOFounding CEO of MIT tech spinout Ayar Labs, which is worth over $500M. MIT MBA., Jason BrittonChief Product OfficerFormer head of sustainable investing at Bank of America Merrill Lynch. Professor of sustainable investing. Yale MBA., Doug BurnettChief Creative OfficerNamed top 25 art director in the world. Creator of ad campaigns for Coca-Cola, Samsung, Kellogg's. 2x winner of Webby Best Good Cause Campaign of Year.
Amount Raised : $1,249,846
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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