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Accacia Secures $6.5M Funding to Drive Real Estate Decarbonization Efforts

Accacia, an innovative startup focused on decarbonization solutions tailored for the real estate and infrastructure sectors, has recently secured $6.5 million in a pre-Series A funding round. Founded in 2022 by Annu Talreja, Piyush Chitkara, and Jagmohan Garg, all alumni of INSEAD, Accacia aims to assist companies in managing and reducing their carbon emissions effectively.

The startup's AI-enabled SaaS platform allows asset managers, owners, and developers to precisely track emissions and devise strategies for decarbonization. This funding round, led by Illuminate Financial, a venture capital firm specializing in fintech solutions, with participation from AC Ventures and existing backers Accel and B Capital, comes at a pivotal time. Recent regulations from entities like the SEC and SGX mandate rigorous carbon emissions reporting, underscoring the urgency for comprehensive climate risk data.

Accacia's platform seamlessly integrates with existing systems, enabling automated real-time data capture and tracking. This integration not only streamlines the process but also offers cost-effective solutions for companies striving for net-zero emissions. Moreover, the platform employs an AI-driven recommendation engine to suggest practical decarbonization strategies at both asset and portfolio levels.

The significance of Accacia's solution is amplified by its implementation across more than 25 million square feet of real estate. With the real estate sector accounting for a substantial portion of global greenhouse gas emissions, Accacia's technology is poised to address regulatory demands and scale globally.

With this funding, Accacia plans to expand its reach and enhance its technological offerings. Rezso Szabo from Illuminate Financial expressed confidence in Accacia's potential to lead the global real estate decarbonization market, citing the urgency for large financial institutions to measure and manage climate risks effectively.

Helen Wong, Managing Partner at AC Ventures, highlighted the complexity of decarbonizing the real estate sector and praised Accacia for offering a custom solution tailored to its nuances. As efforts to combat climate change intensify, Accacia's innovative approach to decarbonization stands as a beacon of hope for the industry's sustainability goals.


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