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Glow - Undisclosed
Overview
Funding Date
October 31, 2024
Financing amount
$30M
Valuation
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Catagory
Subcategory
About Glow - Undisclosed
Glow is an Ethereum-based solar project attempting to achieve 100% renewable energy by decentralizing electric grids around the world. The company is less than a year old and has raised $30 million in a funding round led by Framework Ventures and Union Square Ventures. Glow operates a decentralized physical infrastructure network, or DePIN, of solar farms in the United States and India. To encourage the farms on its network to outperform "dirty" energy grids, the founders designed an entire economy based on an incentive model of subsidies and tokens.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Canada | 2019 | 93 | hello@framework.ventures | ||
| Fund | United States of America | 2004 | 33 | info@unionsquareventures.com |
Founders & Team
David Vorick
Company Profile / Project Introduction
Glow is a DePIN project targeting decentralised energy distribution.Glow enables the creation and operation of solar farms, particularly in areas where it would not be profitable without incentives.