Climate First Bancorp has successfully closed a new $67 million strategic funding round, marking a significant milestone in the organization’s growth and mission-driven banking strategy. Led by Wellington Management and Alliance Bernstein, the investment brings the company’s total capital raised since its founding to $222 million, coinciding with its fifth anniversary. The latest funding demonstrates continued investor confidence in the company’s approach to combining financial services with climate-focused initiatives and sustainable development goals.
Founded to address climate-related challenges through financial innovation, Climate First Bancorp operates Climate First Bank, a values-based FDIC-insured financial institution, and OneEthos, a climate-focused fintech platform regulated by the Federal Reserve Bank. Together, these organizations aim to expand access to sustainable financing solutions while supporting communities and businesses seeking to reduce environmental impacts and invest in clean energy projects.
Company leadership described the funding round as an important step in advancing climate solutions and strengthening community resilience. The investment arrives at a time when environmental policy debates continue globally, highlighting the growing role of private-sector institutions in supporting climate-related initiatives and sustainable economic development.
Over the past five years, Climate First Bank has experienced rapid expansion, growing to nearly $2 billion in total assets. The institution reported more than $11.5 million in net profit during 2025, reflecting both financial performance and increasing demand for sustainability-focused banking products. The bank has built its business around serving environmentally conscious customers, nonprofit organizations, and businesses committed to sustainability practices.
A major area of focus has been renewable energy financing. Climate First Bank has provided more than $555 million in financing for residential and commercial solar projects across all 50 U.S. states. These investments have helped support the adoption of clean energy technologies, contributing to broader efforts to reduce carbon emissions and strengthen energy resilience.
