Sphere raises $2M to help employees lobby for green 401(k) plans

02 Sep, 2021

Sphere raises $2M to help employees lobby for green 401(k) plans
Photo by Mark Boss on Unsplash

– California-based startup Sphere wants to get employees to ask their employers for investment options that are not invested in fossil fuels.
– To do that it’s offering financial products that make it easier — it says — for employers to offer fossil-free investment options in their 401(k) plans.
– It has raised $2m funding round led by climate tech-focused VC Pale Blue Dot.
– It is also a registered “Public Benefit Corporation,” allowing it to campaign in public about climate change.

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