Unravel Carbon, a Y Combinator-backed enterprise software company that helps businesses decarbonize, has closed a US$7.38 million seed round, led by Sequoia India’s Surge.
Investors that also participated in the round include Alpha JWC, Rebel Fund, Global Founders Capital, and Google’s Bradley Horowitz. This new raise brings the startup’s total funding to US$8.75 million.
The company was co-founded by serial entrepreneur and Gen.T honouree Grace Sai in 2021, with the goal of helping medium to large-sized companies monitor and reduce their carbon emissions by converting their accounting data into carbon data.
“Our mission is to remove one gigaton of carbon emissions—or 5 percent of the global target—by 2030 and to build Asia’s largest repository of carbon datasets,” said Sai in an interview with Gen.T.
For a start, Sai says Unravel Carbon will serve businesses in the food and fashion industries—two of the biggest polluters in the world—before extending its services to other sectors. Its existing clients include Singapore’s SaladStop! and Indonesia’s HappyFresh. It has also started to expand its operations beyond Singapore, venturing into New Zealand and Australia.
This article is originally posted on Tatler. Read the original article here.