Flowcarbon books $70M for tokenized carbon credits

The carbon-credits-plus-blockchain startup Flowcarbon has raised $70 million in venture funding and through the sale of a carbon-backed token, Axios has learned.

Why it matters: The company — which counts ex-WeWork founder Adam Neumann as a co-founder — is taking a crypto-first approach to carbon credits.

• The influx of capital suggests it has believers.