California-based angels invest in online media start-up Climate Connect

SAN FRANCISCO - Sept. 17, 2013 - PRLog -- San Fransicso: Climate Connect, an online media and analytics company based in London and New Delhi, announced today that it has successfully concluded its first round of funding with entrepreneurs and High Net Worth Individuals (HNWIs) from Bay Area, California, who took equity positions in the company.

Established in 2010 by Cambridge alumnus Nitin Tanwar and Stanford alumnus Shashank Mehta, Climate Connect operates a network of websites and develops enterprise-level solutions providing access to content (news, prices, databases, forecasts) and analytics on emerging trends in global energy and environmental sector.

The capital injection will be used to further enhance Climate Connect’s Economic Modelling and Information Technology capabilities. The company has already developed several proprietary algorithms and media portals in the energy and environment sector, serving global customers across North America, Europe, Australia China and India.

Commenting on the development, Nitin Tanwar, the founder of Climate Connect, said, "Climate change is one of the most pressing problems of our times and isn't going to go away. Increasingly, we are witnessing rapid action undertaken by governments and businesses alike in almost all countries - be it regulation, infrastructure, taxation or new trading schemes. An information business that provides reliable, fast and comprehensive answers to executives globally in an ever-evolving scenario, thus, has a huge scope."

Shashank Mehta, the firm’s co-founder, added, “Attracting international funding within such a short span of time is a demonstration of Climate Connect’s strong business fundamentals. I am confident that the capital injection will allow us to provide added momentum to our vision for Climate Connect. I look forward to working with the new investors from California, especially as President Obama has recently outlined a US Climate Action Plan, making the USA a priority market for the Climate Connect.”

The United Nations-accredited online media firm has over 50 customers and is maintaining healthy growth in traffic.

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For more information please contact:

Nitin Tanwar

Founder and CEO

Nitin.tanwar@climate-connect.com

+44 207 193 8996

+91 988 866 6794

About Climate Connect:

Climate Connect is an online media and analytics company based in London and New Delhi. Climate Connect was founded by experienced green market professionals in 2010 and has rapidly grown to build a highly qualified team of researchers, analysts and engineers. It operates a network of websites and develops enterprise level solutions that provide access to content (news, prices, databases, commentary, forecasts) and analytics for emerging trends in energy, environmental markets.

The firm generates revenues by selling subscription packages to the content, licensing the content, providing enterprise level outsourcing solutions that leverage the content/knowledge base of the sector and a competitive cost base.

Websites include www.CaliforniaCarbon.INFO ; TERMINAL.climate-connect.com; and NEWS.climate-connect.com