Carbonstop, a Beijing, China-based first carbon emissions management software, and consulting solutions provider completed a round B of financing worth 100 million yuan ($14.82 million).
The round was led by Sequoia China and followed by its original shareholders GL Ventures and Matrix Partners.
This funding will be used for the research and development of carbon management software products and the expansion of consulting marketing, and business teams.
Company: Carbonstop (Beijing) Technology Co., LTD
Raised: 100.0M Yuan
Round: Series B
Funding Month: Aug 2022
Lead Investors: Sequoia China
Additional Investors: GL Ventures and Matrix Partners
Company Website: https://www.carbonstop.net/
Software Category: Carbon Emissions Management Software
About the Company: Founded in 2011 and led by Lu Hui Yan, Carbonstop is a carbon emissions management software and consulting solutions provider. Its SaaS-based Carbon Management Platform, Ccloud, includes a series of functional modules, such as carbon accounting, carbon asset management, product carbon footprint, carbon intelligence, carbon account, and online carbon neutralization service. Over the past 11 years, the company has cooperated with more than 1200 customers including Baidu, Alibaba, Tencent, ByteDance, Meituan,JD.com, KFC, Starbucks, SKP, Dow, CNOOC, China Airport Construction Group, Dubai World Expo, Hillhouse, Centurium Capital, China Construction Bank, Mastercard, Porsche, SINO JET, etc.