Alcove: Accelerating Decarbonization through Software
We are firm believers in the Entrepreneur in Residence model and love having a front row seat to a company’s formation. Through our EIR program, we partner with future founders to do primary research to unearth a unique insight to a problem. When our former Associate Mars Garza told us she was ready to take the founding leap and start something in climate, first we cried a little for our loss but immediately shifted her time internally to company building. We knew whatever Mars put her energy into would be nothing short of greatness. The bat signal was subsequently put out into the world to help her find a cofounder equally as passionate about climate. Answering the call was investor Claire Rafson, who knew just the right person–their sibling Marley Rafson. Marley had spent the last year serving Speaker Pelosi on tech and climate policy and working on historic climate legislation. After their time in Washington, Marley was ready to get back to their roots building technology companies.
Mars and Marley immediately got to work talking to decarbonization companies on their challenges operating and scaling. Mars and Marley quickly discovered that carbon project developers were using spreadsheets and antiquated software to operate and scale their world saving technologies. It was clear through their discussions that there was a huge opportunity for purpose build software for the voluntary carbon credit market. Armed with this unique insight, Alcove was born. Limiting global temperature rise to 1.5 degrees C is now impossible without carbon removal and reduction, and Mars and Marley know how integral tooling will be in rolling out climate solutions globally. Alcove is building software solutions to help decarbonization companies grow at scale, starting with an inventory management platform that enables projects to get the value they deserve out of their carbon credits.
With capital from us at XYZ and our good friend Alexis Ohanian at 776, Alcove is already powering hundreds of thousands of credits on their platform with amazing customers like Clearloop and many more. Today, they are coming out of stealth and announced their $3M raise. Interested in joining a world changing company? Alcove is hiring.
