Accacia, a Singapore-based company that provides a decarbonization platform focusing on the real estate and infrastructure sectors, has closed $6.5 million in pre-Series A funding.
Investors
The round was led by Illuminate Financial, with participation from AC Ventures from Southeast Asia, alongside early backers Accel and B Capital.
Illuminate Financial is a thesis-driven venture capital firm investing in enterprise fintech companies building solutions for the financial services industry. With offices in London, New York, and Singapore, Illuminate’s deep networks and trusted partnerships with major financial institutions for the past decade provide real insight into what the industry needs and help their portfolio companies achieve their full potential.
About Accacia
Founded in 2022 by Annu Talreja, Piyush Chitkara, and Jagmohan Garg, Accacia is a company that offers an AI-enabled SaaS platform that helps real estate asset managers, owners, and developers track their emissions and design their decarbonization journey. Its platform integrates with existing property and energy management systems to provide real-time data tracking. Accacia allows customers to measure and benchmark the transitional risks on their portfolios, while the AI-enabled recommendation engine suggests decarbonization strategies at the asset and portfolio levels.
Funding Details
Company: Accacia
Raised: $6.5M
Round: Pre-Series A
Funding Month: April 2024
Lead Investors: Illuminate Financial
Additional Investors: AC Ventures, Accel, B Capital
Company Website: https://accacia.ai/
Software Category: Real Estate Decarbonization
Source: https://www.businesswire.com/news/home/20240422315837/en/