Carbonfact Secures $15 Million in Funding
Carbonfact, a Paris, France-based startup that provides a carbon management platform, has secured $15 million in funding.
Carbonfact, a Paris, France-based startup that provides a carbon management platform, has secured $15 million in funding.
Investors
The round was led by Alven, with participation from Headline and a follow-on investment from Y Combinator.
Founded in 1999, Alven Capital Partners is a venture capital investment firm based in Paris, France. With over $500 million under management, the firm has backed more than 130 startups over 20 years. Alven’s sectors of interest include B2C/B2B marketplaces, productivity and dev tools, vertical AI platforms, consumer social & entertainment, B2C financial services, and wellness brands.
Carbonfact Use of Funds
With this funding, the company aims to expand its activities further and develop its platform.
About Carbonfact
Founded in 2021 by Romain Champourlier, Martin Daniel, and Marc Laurent, Carbonfact focuses on carbon management in the fashion industry. They help fashion brands measure, report, and reduce CO2 emissions. They offer a lifecycle assessment engine specifically designed for clothing items, retrieving data from various sources such as ERPs, PLMs, and traceability platforms. Carbonfact can also track other metrics, such as water consumption, French eco-labels, and other environmental indicators. Already onboarded by over 150 apparel and footwear brands, including New Balance, Columbia, Carhartt, and Allbirds.
Funding Details
Company: Carbonfact, Inc.
Raised: $15.0M
Round: Unknown
Funding Month: April 2024
Lead Investors: Alven
Additional Investors: Headline, Y Combinator
Company Website: https://www.carbonfact.com/
Software Category: Carbon Management
