P6 Technologies, an Austin, Texas-based provider of product life cycle assessment software, secured $3.25 million in seed funding.
The round was led by Goose Capital and supported by Tupper Lake Partners, Veritec Ventures, and Artemis Energy Partners.
The funds will be used to accelerate the development and go to market of its revolutionary Life Cycle Assessment (LCA) enterprise software platform.
With the funding, Paal Kibsgaard, Managing Partner at Veritec Ventures and former Chairman and CEO of Schlumberger, has joined the P6 Technologies Board of Directors.
The company provides enterprise software for transportation fuel and petrochemical companies to perform Product Life Cycle Assessments that measure product-level carbon intensity and GHG emissions.
P6's Life Cycle Assessment Software allows a company to measure, track and report the carbon intensity and GHG emissions for a company's products, allowing them to achieve measurable results where it will have the largest impact.
"I am thrilled to also welcome Paal Kibsgaard to our Board of Directors," said Joe Berti, CEO of P6 Technologies. " Paal's unparalleled experience will undoubtedly enhance our ability to deliver world-class software solutions to our clients. Veritec's strategic vision and active support of energy transition solutions align perfectly with our goals, and I am confident their contribution will be instrumental in shaping our future success."
Company: P6 Technologies, Inc.
Raised: $3.25M
Round: Seed Round
Funding Month: August 2023
Lead Investors: Goose Capital
Additional Investors: Tupper Lake Partners, Veritec Ventures, and Artemis Energy Partners
Company Website: https://p6technologies.com/
Software Category: Life Cycle Assessment Software
About the Company: P6 Technologies, Inc. is a provider of product life cycle assessment software, empowering businesses to achieve their sustainability goals and attain market leadership by providing a platform that measures product level carbon intensity. The P6 SAAS solution takes the complexity out of producing a life cycle assessment and measures carbon intensity and GHG emissions for products in the energy sector, transportation fuel, and petrochemical industries.
Source: https://www.prweb.com/releases/p6-technologies-completes-3-25m-seed-round-accelerating-the-ability-of-transportation-fuel-and-petrochemical-companies-to-measure-and-reduce-product-carbon-intensity-301901903.html