Accacia, a Gurugram, India-based platform focused on providing decarbonization strategies to the real estate and infrastructure sectors, closed a $2.5 million in seed funding.
The round was led by Accel and B Capital. Blume Ventures, Good Capital, Zerodha’s Rainmatter Fund, Canada-based Loyal VC, and several leading angel investors also participated in the round.
The funds will be used to expand its presence across Southeast Asia, the Middle East, the US, and Canada over the next year.
“Real estate sector lacks robust tools to measure climate risks and define decarbonization strategies. We are working with large asset managers, developers, and real estate operators to help them with tools they need to define and monitor their path to net zero,” said Annu Talreja, founder and CEO at Accacia.
Accacia has deployed its solutions to over 20 million square feet of institutional real estate across Asia.
Round: Seed Round
Funding Month: December 2022
Lead Investors: Accel and B Capital
Additional Investors: Blume Ventures, Good Capital, Zerodha’s Rainmatter Fund, and Loyal VC
Company Website: https://accacia.ai/
Software Category: Real Estate Decarbonisation Platform
About the Company: Founded in 2022 by Annu Talreja, Piyush Chitkara, and Jagmohan Garg, Accacia is an AI-enabled SaaS platform that provides real estate developers, asset managers, and financial institutions with the key metrics and decisions they need to decarbonize their portfolios. Its platform automates the measurement of scope 1, 2, and 3 carbon emissions for operating assets and embodied carbon for under-construction assets. Accacia's platform is uniquely designed for the real estate and infrastructure sectors; it allows companies to track emissions at the asset and portfolio levels with full consideration of organizational boundaries as defined by the GHG Protocol.