Tset Closes €12.7 Million in Series A
Tset, a Vienna, Austria-based carbon accounting software startup, has closed €12.7 million in Series A funding round.
Tset, a Vienna, Austria-based carbon accounting software startup, has closed €12.7 million in Series A funding round.
Investors
The round saw participation from investors like Carbon Removal Partners, Brose Ventures, and Ingenics Holding.
Tset Use of Funds
The company will use the funding to expand its market reach and enhance its product offerings.
About Tset
Founded in 2018 by Andreas Tsetinis and Sasan Hashemi, Tset is a global software provider specializing in enterprise-wide product cost and emissions calculations for industrial goods. The company offers a cloud-based Software as a Service (SaaS) platform that provides real-time insights into the impact of design changes on product cost and carbon footprint. The software can be utilized from the early development phase through to series production, allowing continuous optimization of product development, production, and procurement processes. Tset serves major industrial clients, including AGCO, Brose, Lego, Thyssenkrupp, ZF, and the BMW Group.
Funding Details
Company: Tset Software GmbH
Raised: €12.7 M
Round: Series A
Funding Month: July 2024
Investors: Carbon Removal Partners, Brose Ventures, Ingenics Holding
Company Website: https://tset.com/
Software Category: Carbon Accounting
