[L-R] Accacia’s Annu Talreja (founder) and Piyush Chitkara and Jagmohan Gaarg (co-founders)
Accacia, a decarbonisation platform specializing in the actual property and infrastructure sectors, has accomplished its US$6.5 million pre-series A funding spherical.
Illuminate Monetary led the spherical with participation from an unnamed VC agency, AC Ventures, Accel Companions, and B Capital.
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Established in 2022 by INSEAD alum Annu Talreja (founder) and Piyush Chitkara and Jagmohan Gaarg (co-founders), Singapore-based Accacia affords an AI-enabled SaaS platform that helps actual property asset managers, homeowners, and builders observe their emissions and design their decarbonisation journeys. The platform permits clients to measure and benchmark the transitional dangers on their portfolios, whereas the AI-enabled advice engine suggests decarbonisation methods on the asset and portfolio ranges.
Accacia’s platform integrates with present property administration, power administration, and procurement methods to automate real-time information capturing and monitoring, making it the quickest and most inexpensive answer for actual property corporations on their path to internet zero.
“This funding comes at a vital juncture because the Securities & Alternate Fee (SEC) and Singapore Alternate (SGX) have introduced rules on carbon emissions reporting, underscoring the pressing want for complete and real-time local weather threat information. Now we have already deployed our answer to over 25 million sq. ft of actual property and are poised to leverage this chance and scale globally,” mentioned Annu.
“Measuring and managing local weather dangers has develop into crucial for big monetary establishments, particularly on actual property, some of the important and most affected asset courses of their portfolios. We felt Accacia is the precise match to tackle a number one place within the world actual property decarbonisation market and are happy to companion with the Accacia group,” mentioned Rezso Szabo, Associate at Illuminate Monetary.
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Actual property and development exercise contribute roughly 40 per cent of worldwide Greenhouse Gasoline (GHG) emissions. It is among the largest alternatives immediately, and a staggering US$18 trillion of funding is required over the subsequent decade to convey the actual property trade to internet zero.
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