Berlin-based Climatiq secures €10M in a Series A round led by Alstin Capital with participation from existing investors Singular and Cherry Ventures.
The funds will be used to enhance AI tools for calculating emissions, particularly focusing on scope 3 emissions stemming from suppliers and transportation of goods, which account for approximately 90% of a company's total carbon footprint.
Climatiq, founded in 2021, aims to embed carbon intelligence into daily business operations through its API-first platform, delivering over a billion carbon calculations via their APIs in the last 12 months to global businesses.
The company plans to invest in building its partner network, expanding its database, and ensuring carbon visibility across all business functions to meet the demands of companies seeking carbon awareness in their daily decision-making processes.