Accacia Expands its Decarbonisation Efforts 

The real estate and infrastructure sectors contribute over one-third of the global greenhouse gas emissions. Fintechs like Accacia aim to help them transit to net zero

decarbonisation

The real estate and infrastructure sectors contribute over one-third of the global greenhouse gas emissions. Source: unsplash.com

Accacia, a decarbonisation platform focusing on the real estate and infrastructure sectors, has raised $2.5 million in seed funding to expand its presence across Southeast Asia, the Middle East, and North America.

Founded in 2022, Accacia is a fintech with the sustainability focus. It offers an AI-enabled platform that allows real estate and infrastructure owners, developers, asset managers, and operators to effectively measure, track and manage their climate risks. 

Thus, businesses can track their carbon impact in real-time, integrating Accacia’s solution with ERPs and property management systems like Yardi. Accacia’s decarbonisation platform can cater to all investment asset classes, including commercial, retail, multi-family housing and data centers. It may be also used by consulting firms serving real estate and infrastructure companies with net-zero goals.

The company was selected in the “Future of Buildings” category at the New York Climate Summit in 2022 and distinguished at UOB’s Finlab accelerator. 

The seed funding round was led by Accel and B Capital. Participants included Blume Ventures, Good Capital, Zerodha’s Rainmatter Fund, Loyal VC and various angel investors.

Accacia plans to use the capital to expand its presence across Southeast Asia, the Middle East, the U.S. and Canada over the next year. Currently, its solution has already been deployed to over 20 million square feet of real estate in Asia.  

As we have previously reported, high-emission businesses that wish to transit to a greener operational model often face a lack of funding. Therefore, the development of enticing financial incentives may boost the transition financing initiatives.

SEE ALSO:

10 ways that ESG brings value to payments

Bitcoin carbon footprint equals to 6 million cars

Carbon footprint calculation and reduction: it is time to act for climate

Categories: All materials Fintech News