FOR IMMEDIATE RELEASE Cumulus Carbon Announces $5 Million Institutional Capital Raise to Accelerate Growth Vancouver, BC – April 18, 2024 – Cumulus Carbon, a leading innovator in low carbon procurement solutions, is excited to announce the opening of its institutional capital raise of $5 million USD. This strategic move is aimed at accelerating the company’s eCommerce platform growth and solidifying its position as “The Amazon of low carbon construction”. “We are thrilled to open this capital raise, which marks a significant milestone in Cumulus’ journey,” said Andrew Crawford, CEO of Cumulus Carbon. “The funds will be instrumental in advancing our B2B eCommerce platform, expanding our North American marketplace, and enhancing our A.I. driven services to meet the evolving needs of our customers.” Cumulus has earmarked the capital to support several key initiatives, including: B2B eCommerce Platform expansion: To innovate and support our proprietary B2B marketplace. Market Expansion: To enter new markets and strengthen our presence in existing ones. Talent Acquisition: To attract top industry talent and expand our expert team. The capital raise is open to institutional investors who share Cumulus’ vision to build the Amazon of the construction industry. Interested parties are invited to contact Cumulus’ Investor Relations team for more information. “This is an opportunity for investors to be part of a company that’s not just growing, but also shaping the future of B2B eCommerce,” added Dusan Cvijic, COO of Cumulus Carbon For additional details or to schedule an interview with Cumulus executives, please contact: Andrew Crawford , CEO Cumulus Carbon. [email protected] - 250-818-3873 About Cumulus Carbon: Cumulus delivers the world's first B2B transactional marketplace specifically designed for the construction industry. They are an A.I. powered SaaS platform connecting low carbon building retrofit projects with Buyers (Engineers / Architects) and Sellers (Vendors / Sales Reps) and Funding within a collaborative, transactional hub to unlock billions in project funding for low-carbon energy projects across North America. #CumulusCarbon #CapitalRaise #InnovationInConstruction #LowCarbonSolutions #EcommercePlatform #B2BMarketplace #SustainableConstruction #AIConstructionTech #InvestInInnovation #GrowthStrategy #TechInvestment #BuildingTheFuture https://lnkd.in/giyZ7PCF
Cumulus Carbon
Engineering Services
Vancouver, BC 16 followers
Enterprise Integration Services
About us
We are HOW low carbon happens. Cumulus accelerates deep energy retrofit projects for the commercial real estate industry within a seamless digital platform connecting big data, project financing, and B2B procurement.
- Website
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cumuluscarbon.com
External link for Cumulus Carbon
- Industry
- Engineering Services
- Company size
- 2-10 employees
- Headquarters
- Vancouver, BC
- Type
- Partnership
- Founded
- 2023
- Specialties
- Engineering, Low Carbon Economy, Energy Efficiency, Project Financing, B2B Procurment, Green Technology, Architecture, Decarbonization, Triple Bottom Line, REITS, Commercial Real Estate, Utilities, Grants, AI, Asset Plans, Vancouver, Calgary, Seattle, San Francisco, and Los Angeles
Locations
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Primary
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306 - 151 West First Avenue
Vancouver, BC V5Y0A6, CA
Employees at Cumulus Carbon
Updates
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As of April 1, 2024, the federal carbon tax has seen a notable increase, rising from $65 per tonne to $80 per tonne. This adjustment translates to an additional 3.3 cents per liter at the pump for drivers. The carbon tax, often referred to as the price on carbon, was initially implemented at $20 per tonne back in October 2019. Since then, it has progressively increased, with the most recent hike marking a $15 rise from its previous rate. This upward trend is set to continue, with the tax scheduled to climb by $15 each year until it reaches $170 per tonne by 2030. These incremental adjustments aim to support Canada in achieving its emissions targets while affording individuals the opportunity to transition towards more environmentally friendly fuel options. With the likelihood of further increases in carbon taxes exceeding 95% over the next decade, the question arises: as an investor, is this a risk you're willing to bet against? Our future is undoubtedly leaning towards cleaner, greener, and more electrified solutions. At Cumulus, we're proud to introduce the world's premier B2B transactional marketplace tailored specifically for the construction industry. Powered by cutting-edge AI technology, our SaaS platform facilitates connections between low carbon building retrofit projects and key stakeholders, including Buyers (Engineers/Architects) and Sellers (Vendors/Sales Reps). Join us in shaping a sustainable future for the construction and low carbon economy sectors! Together, we can drive innovation and promote environmental stewardship. #ConstructionIndustry #LowCarbonEconomy #SustainableFuture #CarbonTax #GreenTechnology
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With new projects, products and funding onboarding daily, things are getting exciting at Cumulus. Here's a quick video / comic strip to give you an idea of who we are helping in their pursuit of the #lowcarboneconomy of tomorrow. #LowCarbonConstruction #GreenBuilding #SustainableArchitecture #RenewableMaterials #NetZeroConstruction #EnergyEfficientDesign #CarbonNeutralBuildings #ClimateSmartConstruction #GreenInfrastructure #EcoFriendlyConstruction #SustainableDevelopment #ZeroCarbonBuilding #LEEDCertified #GreenDesign #CircularEconomyBuilding https://lnkd.in/gnwJviCU
Cumulus Explained
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Cumulus - How Low Carbon Happens
https://www.youtube.com/