About Sphere
Sphere offers a climate-friendly investment platform specifically for 401(k) retirement plans. Its main product, the Sphere 500 Climate Fund, allows employees to invest their retirement savings in a diversified portfolio that excludes fossil fuel companies, aligning with their environmental values. Sphere differentiates itself from competitors by focusing solely on sustainable investment options and providing tools like AtmoSphere, which helps companies measure and reduce the carbon emissions linked to their retirement plans. The goal of Sphere is to empower employees and companies to make environmentally responsible investment choices while enhancing corporate benefits.
Walnut, CaliforniaHeadquarters
2020Year Founded
$1.9MTotal Funding
SEEDCompany Stage
Fintech, Social Impact, Financial ServicesIndustries
1-10Employees
Benefits
Early employee equity
Unlimited PTO
Competitive salary + more benefits/perks
Risks
Increased competition from established institutions may erode Sphere's market share.
Regulatory scrutiny on ESG claims may increase compliance costs.
Rapid customer base growth may strain Sphere's operational capabilities.
Differentiation
Sphere offers the first climate-friendly 401(k) investment platform.
Sphere's Sphere 500 Climate Fund excludes fossil fuel companies.
Sphere integrates seamlessly with existing 401(k) plans for easy adoption.
Upsides
Sphere's partnership with Ascensus and Vanguard attracts environmentally conscious investors.
Sphere's $2M funding round indicates strong investor confidence.
Sphere's collaboration with Reflection Asset Management taps into fossil-free investment demand.
Funding
Total raised$1.95 M
Latest valuation$10.00 M
StageSEED
SEED
8/31/2021$2
$10.00 M