Business Model
Sphere's model involves a monthly platform fee, plus per transaction fees. We also earn a service premium from the carbon credit offsets and project contributions and one off set up and advisory fee. Clients are generally on a 3 year term generating ARR.
Sphere operates a subscription-based platform model, offering businesses access to its APIs and tools for a monthly service fee, supplemented by per-transaction charges. Additional revenue streams come from a service premium on carbon credit offsets and project contributions as well as one off project integration and advisory fees. With clients typically locked into 3-year terms, Sphere generates a steady stream of Annual Recurring Revenue (ARR).
Mission & Objectives
To be the category leader in transactional climate action in APAC & CEMEA - empowering businesses to reduce and offset their carbon footprint through our platform - restoring the planet and driving climate impact at scale - one transaction at a time.
Sphere is well positioned to be a signifcant front-runner in the ever-growing US$474bn carbon market. The funds raised will be used to drive sales, marketing and product innovation to support achievement of the following:
- Hit MoM Breakeven in H2 CY25
- Attract and retain top talent in sustainability, technology, and business development to drive growth and innovation.
- Reach $3m Annual Recurring ARR by end of FY26
- Be operational in over 10 high growth markets by 2027
- Offset over 10 million tonnes of CO2 by 2030
Industry
The carbon market is complex, global and growing fast - Sphere has built a strong business model and scaling plan to realise a small, yet significant portion of the overall value pools.
The US$474bn carbon market has its challenges, but it's proven in its ability to restore our planet. Businesses and consumers demand transparency and impact through transactions, which is where Sphere's Insight, Action, and Reporting APIs come in.
With global markets and governments continuing the push for net zero and emissions reporting, despite US noise, climate tech remains ripe for investment. Sphere is building an unrivalled business model that enables seamless, embedded climate action - restoring our planet one transaction at a time. Sphere invites you to join our mission.
