Climatiq, a Berlin-based company specializing in carbon intelligence infrastructure, has successfully closed a €10 million Series A funding round led by Alstin Capital, with additional contributions from Singular and Cherry Ventures. This financial injection aims to support Climatiq’s ambition to integrate comprehensive carbon tracking into the routine operations of businesses worldwide. As environmental concerns and regulatory pressures intensify, many companies are seeking efficient solutions to measure and reduce their carbon footprints.
Alstin Capital, an investment firm focusing on early-stage B2B technology companies in the DACH region, has consistently emphasized the importance of addressing CO2 emissions. Climatiq’s stronghold in emissions data processing positions it as a pivotal player in this growing market, highlighted by the firm’s AI-based technologies that enhance emissions management. A few years ago, the emphasis on such technologies was not as pronounced as today, demonstrating the rising demand for sustainable business practices. Large corporations now need precise data and robust methodologies to align with regulatory standards and investor expectations.
What Will the Funds Be Used For?
Climatiq plans to channel the newly raised funds towards refining its AI technologies, which are essential for accurate calculations of emissions related to business activities, products, and supplier engagements. The focus will notably be on scope 3 emissions—complex by nature due to their indirect association with a company’s operations. These emissions, which originate from activities such as transportation, constitute a large portion of a business’s carbon output, thus necessitating reliable measurement methods.
How Does Climatiq’s Carbon Intelligence Platform Work?
Climatiq deploys an API-driven platform that directly integrates emissions data into business software, bridging the gap between sustainability efforts and daily operations. By doing so, it aims to dissolve the information silos that hinder actionable carbon strategies. Through partnerships with over 200 business systems, including key players like Celonis, IFS, and Siemens, Climatiq has executed more than a billion carbon calculations in the past year alone, reflecting its robust integration capabilities.
Since its inception in 2021, Climatiq has established itself as a B Corporation, committed to embedding carbon considerations into various business functions, from planning to distribution. The company’s strategy aligns with an increasing demand for carbon transparency across different sectors. Climatiq’s innovative approach allows existing business tools to become carbon-aware, thereby facilitating informed decision-making across broader business contexts.
Climatiq also provides a free tool for sustainability professionals, researchers, and non-profits. The offerings are backed by a strict review process managed by their Scientific Advisory Board, composed of leaders in climate science. This reflects a commitment not only to financial growth but also to scientific integrity and community engagement. The number of active users of Climatiq’s free offering highlights an ongoing shift towards more environmentally conscious business models.
The new funding is a significant step for Climatiq as it seeks to propel its carbon intelligence solutions forward. Companies worldwide are increasingly aware of the need for carbon visibility and the integration of such insight into their existing processes. Climatiq’s platforms provide businesses with a realistic path to achieving these goals without having to adopt entirely new systems, aligning with the current trend of integrating sustainability into corporate strategies.
