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WeWork’s Adam Neumann Resurfaces in Crypto Carbon-Credit Startup

Flowcarbon raises $70 million from investors including Andreessen Horowitz and Samsung.

Adam Neumann 

Adam Neumann 

Photographer: Michael Kovac/Getty Images

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A carbon-credit startup co-founded by Adam Neumann raised $70 million from venture capitalists and other backers, showing investors are still willing to bet on the controversial WeWork Inc. entrepreneur.

Neumann, the co-founder and former chief executive officer of the co-working provider WeWork, is listed as both a founder and an investor in the climate startup, Flowcarbon. The company sells carbon credits and keeps a record of the transactions on the blockchain. Flowcarbon has 35 employees and offices in Berlin, Montana and New York, the company said in a statement.