AVID operates the first retail carbon trading platform, offering fractionalized Avid Climate Units (ACUs) to individual and corporate investors. This platform democratizes access to the carbon market, allowing users to invest in validated climate projects while tracking both financial returns and environmental impact metrics. The company also provides corporate solutions, including employee benefits platforms centered on impact investing.
Funding
Funding not disclosed
Founders
Product
Problem
Individual investors lack direct access to carbon credit markets, which have historically been limited to accredited investors and organizations. This restricts the ability of everyday consumers to invest in climate impact projects and potentially earn financial returns.
Solution
AVID is a retail carbon trading platform that provides access to the carbon credit marketplace through fractionalized Avid Climate Units (ACUs), allowing individuals to invest in climate impact projects with small amounts of capital. The platform enables users to invest in specific climate initiatives, track project performance via near real-time IoT video and carbon metrics, and monitor the financial performance of their ACUs. AVID aims to democratize carbon investing, allowing a broader audience to finance verified climate initiatives while earning financial returns.
Target Audience
The primary target audience includes retail investors and environmentally-conscious individuals interested in sustainable investing and supporting climate impact projects.
Features
- Fractionalized Avid Climate Units (ACUs) that allow investments starting from $1
- Mobile application for iOS devices
- Portfolio diversification with asset-backed ACUs
- Real-time tracking of climate project performance through IoT video feeds
- Carbon metrics to monitor the environmental impact of investments
- Brokerage account creation and bank account linking via Plaid
- Order tracking and cancellation features