Evergrow
Evergrow is a San Francisco-based climate fintech operating a B2B marketplace that connects clean energy project developers with corporate buyers to facilitate transferable tax credit transactions under the U.S. Inflation Reduction Act.
- Company typePrivate
- Founded2021
- HeadquartersSan Francisco, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What Evergrow does
Evergrow is a San Francisco-based climate fintech company founded in 2021 that operates a B2B platform facilitating transactions in U.S. clean energy tax credits under the Inflation Reduction Act framework. The company connects clean energy project developers—primarily in solar and wind—with corporate buyers seeking to acquire tax credits for IRA compliance or carbon offset purposes. Its product is a marketplace that enables project developers to monetize transferable tax credits and provides corporates with access to verified, liquid tax credit supply, addressing fragmentation and illiquidity in this emerging market.
The platform differentiates through integration and interoperability features, with a reported pipeline exceeding $150 million in clean energy projects as of April 2023. The company targets the removal or reduction of 1 billion tons of CO2e by 2030 as its stated environmental objective. The core technology is a transaction-facilitating platform rather than a proprietary analytical or carbon-measurement engine; pricing is quote-based and not publicly disclosed.
Evergrow's business model is transaction-fee based, earning revenue on intermediated tax credit deals between project developers and corporate buyers. The company has raised $14 million in total funding across a November 2021 seed round ($7M) and an April 2023 follow-on ($7M), with investors including First Round Capital, Congruent Ventures, XYZ Venture Capital, Garuda Ventures, MCJ, and Skyview Ventures. The team remains small (1–10 employees) and no revenue has been disclosed, indicating the company is in an early commercialization phase.
Evergrow firmographics
Firmographics- Name
- Evergrow
- Legal name
- Evergrow
- Website
- https://evergrow.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Evergrow is a San Francisco-based climate fintech operating a B2B marketplace that connects clean energy project developers with corporate buyers to facilitate transferable tax credit transactions under the U.S. Inflation Reduction Act.
- Ownership category
- akta.pro rank
Evergrow industry classification
Industry- Product category
- Climate Fintech / Tax Credit Marketplace
- akta.pro primary industry
- Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory) (EUAMAAAJ)
- akta.pro secondary industry
- Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD)
Keywords
Where Evergrow is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Evergrow business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales
Revenue model
- Platform transaction facilitation: Revenue generated from facilitating clean energy tax credit transactions between project developers and corporate buyers seeking to monetize or purchase tax credits under the Inflation Reduction Act.
Distribution channels1 record
Evergrow product offering
Product offeringCore offering
Evergrow operates a B2B platform that connects clean energy project developers (solar and wind) with corporate buyers of Inflation Reduction Act (IRA) tax credits, facilitating transactions that monetize tax credits and fund renewable energy developments. The platform hosts over $150 million worth of clean energy projects in its pipeline and enables project developers to access capital faster through tax credit liquidity while helping corporations purchase verified clean energy tax credits for IRA compliance and carbon offset purposes.
Product overview
Evergrow offers a single unified platform for clean energy tax credits. The platform connects clean energy project developers with capital by facilitating tax credit transactions, supporting renewable energy developments in solar and wind sectors across the United States.
Differentiator
Problem solved
Functional benefit
Products and services
- Evergrow Platform
Quantifiable outcome
- Over $150 million worth of clean energy projects enabled on platform
Companies that use Evergrow
Customer profileSegments2 records
Ideal customer profiles2 records
Evergrow technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Evergrow partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights4 records
Evergrow competitors and assessment
Company assessmentDirect peers
- Crux: Crux operates a marketplace connecting clean energy developers with buyers of IRA tax credits. It is the closest direct competitor to Evergrow, targeting the same transferable tax credit liquidity opportunity for solar, wind, and storage projects.
- Rubicon Carbon: Rubicon Carbon is a carbon credit developer and marketplace offering vetted credits to corporate buyers. It overlaps with Evergrow on the corporate buyer side of the climate credit transaction value chain.
Emerging players
- Watershed: Watershed is a climate platform that helps enterprises measure, reduce, and purchase high-quality carbon credits. While broader in scope than Evergrow, it overlaps as a corporate-facing channel for climate-related credit transactions and offsets.
- Patch: Patch provides API-based access to carbon credit purchasing for businesses, including high-quality removal credits. It competes with Evergrow for corporate climate credit spend, though it focuses on voluntary carbon rather than IRA tax credits.
- ClimeFi: ClimeFi builds infrastructure for the carbon credit market, including marketplace and data services. It overlaps with Evergrow's mission to bring liquidity and transparency to climate-related financial assets.
- Persefoni: Persefoni is a climate management and accounting platform used by enterprises to measure and manage carbon footprints. It is adjacent to Evergrow as enterprise-facing climate software infrastructure feeding demand for credit purchases.
Broad incumbents
- Generate Capital: Generate Capital is a large-scale infrastructure finance platform investing across distributed energy, storage, and clean transportation. It is an incumbent in clean energy project finance and competes indirectly for tax credit–related capital flows.
- South Pole Group: South Pole is an established climate solutions provider offering carbon credit development, advisory, and corporate sourcing. It competes with Evergrow for corporate buyers seeking high-integrity climate assets.
Regional players
- 3Degrees: 3Degrees provides renewable energy certificates, carbon offsets, and clean energy program services to North American corporates. It is comparable as a corporate-facing channel for verified climate credits and RECs.
Others
- Charm Industrial: Charm Industrial is a carbon removal offtaker delivering biogenic CO2 removal credits to corporate buyers. It represents the type of project developer that Evergrow's platform could finance or connect to credit-buying corporates.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks5 records
Key highlights6 records
Customer concentration
Evergrow social profiles
Digital presenceEvergrow financial estimates
Financial estimateRevenue estimate
Valuation estimate
Evergrow leadership team
Management profileNumber of profiles
Profiles2 records
Evergrow funding detail
Funding detailFunding overview
Funding rounds2 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Evergrow M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Evergrow
What does Evergrow do?
Evergrow operates a B2B platform that connects clean energy project developers (solar and wind) with corporate buyers of Inflation Reduction Act (IRA) tax credits, facilitating transactions that monetize tax credits and fund renewable energy developments. The platform hosts over $150 million worth of clean energy projects in its pipeline and enables project developers to access capital faster through tax credit liquidity while helping corporations purchase verified clean energy tax credits for IRA compliance and carbon offset purposes.
Is Evergrow a public or private company?
Evergrow is a private company. It is classified as venture growth investor backed and is currently operating.
When was Evergrow founded?
Evergrow was founded in 2021. It employs 501 to 1,000 people.
Where is Evergrow based?
Evergrow is headquartered in San Francisco, United States, in the North America region.
How does Evergrow make money?
One revenue line is on record: platform transaction facilitation.
Who are Evergrow's main competitors?
Direct peers on record are Crux and Rubicon Carbon. Emerging players are Watershed, Patch, ClimeFi and Persefoni. Broad incumbents are Generate Capital and South Pole Group. 3Degrees is listed as a regional player. Charm Industrial is listed as an others.
Does Evergrow have an API?
No public API is recorded for Evergrow.
What industry is Evergrow in?
Evergrow's product category is Climate Fintech / Tax Credit Marketplace. Its primary akta.pro industry code is EUAMAAAJ, Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory), with a secondary code of EUAMAAAD, Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds).