Berlin-based climate tech start-up, The Climate Choice has closed a $2 million funding round which will go towards the further development and expansion of its Climate Intelligence Platform.
The round is led by Gutter Capital along with Possibilian Ventures, with participation from existing investors West Tech Ventures and angels investors.
The Climate Choice, adding to the long list of start-ups offering to decarbonise industry, helps companies understand climate performance, comply with reporting requirements, and take actions to realise climate transformation in the supply chain.
“It is not enough to turn off the lights at HQ. Corporations need to take full accountability for their carbon emissions, and that means getting serious at Scope 3 emissions reporting and reduction” said Dan Teran, Co-Founder of Gutter Capital. “There are many start-up companies focused on carbon accounting software at the corporate level. Without suppliers on board, the analysis is skin deep. The Climate Choice platform provides a fast and painless solution for corporate procurement teams to understand their suppliers carbon footprint and mitigation plans.”
The Climate Choice counts telecommunications service o2 Telefónica and HiPP organic baby food amongst its customers.
“There is still a large disconnect between the aspirational climate targets and the reality of actions taken– and yet every company now requires a clear and effective approach for reducing their emissions. Data-informed, streamlined processes are key for monitoring, tracking and engaging suppliers in their decarbonisation journey for any large supply chain,” said Yasha Tarani, co-founder & CEO at The Climate Choice. “We’re very excited to team up with Gutter Capital to develop our Climate Intelligence Platform delivering scalable and accessible decarbonisation for corporate supply chains globally.”
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