CarbonSpace, a Dublin-based startup, closed a €900,000 Seed round led by The Yield Lab Europe with Rockstart, the global accelerator-VC, as co-investor.
CarbonSpace plans to use the funding to scale its business in the EU and the US with a focus on food and forestry supply chains.
The fresh capital will also be used to strengthen the startup’s technology core by integrating new sources of data and optimizing ML algorithms, finalize the self-onboarding platform, and developing new products.
Round: Seed Round
Funding Month: October 2021
Lead Investors: The Yield Lab Europe
Additional Investors: Rockstart
Company Website: https://carbonspace.tech/
Software Category: Satellite-powered platform
About the Company: Founded in 2020, CarbonSpace has developed a satellite-powered carbon footprint monitoring platform to bring a new level of transparency to these organizations. CarbonSpace’s proprietary AI core processes several layers of satellite, sensor, and inventory data, which yields high spatial and temporal resolutions and allows for reliable assessments across geographies.