Recur Club launches $10 Mn fund to back green startups

Revenue-based financing platform Recur Club has launched Regreen Fund, a sustainable finance program dedicated to investing in startups actively working towards a greener and more sustainable future. 

With an initial commitment of $10 million, Recur Club aims to support and empower environmentally conscious startups in India and their innovative products and services.

Regreen Fund will provide selected companies with access to growth capital without equity dilution, enabling them to scale their operations, accelerate product development, and expand their market reach.

Founded in 2021 by Abhinav Sherwal and Eklavya Gupta, Recur Club assesses its customer’s key metrics by integrating with its accounting, billing and subscription management systems. It works with all companies with predictable annual revenue from existing customers of at least $100k. 

On Friday, the United Nation Environment Programme (UNEP) in partnership with Massive Earth Foundation (MEF) launched LowCarbon. Earth (LCE) 2023, a climate tech accelerator focused on startups solving for climate change and pollution.