Accacia, a decarbonisation platform focused on the real estate and infrastructure sectors, Tuesday announced that it has raised $2.5 million in its seed funding round led by Accel and B Capital.
Blume Ventures, Good Capital, Zerodha’s Rainmatter Fund and Canada-based Loyal VC, along with several leading angels, also participated in the round, the startup said in a statement.
The company will use the capital to expand its presence across Southeast Asia, the Middle East, the US, and Canada over the next year, the statement added.
“Real estate and construction activities contribute to about 40% of global greenhouse gas (GHG) emissions. The sector lacks robust tools to measure climate risks and define decarbonisation strategies. We are working with large asset managers, developers, and real estate operators to help them with tools they need to define and monitor their path to net zero,” said Annu Talreja, founder and CEO, Accacia.
Founded in 2022 by INSEAD alumni Annu Talreja and cofounders Piyush Chitkara and Jagmohan Garg, Accacia’s tech platform integrates with existing property management and energy management systems to automate real-time data capturing and tracking, making it a quick and affordable solution for real estate companies on their path to net zero.
INDIA DEAL MONITOR
Here are the prominent venture capital transactions in India announced from December 1-3, 2022.
