Accacia raises seed funding led by Accel and B Capital

6 Dec 2022 , 12:02 PM

India-based greentech firm Accacia has raised $2.5 million in a seed round of funding led by Accel as well as Eduardo Saverin’s B Capital. Blume Ventures, Good Capital, Zerodha’s Rainmatter Fund and Canada-based Loyal VC are participating in this round along with several others.

The capital raised will be used to expand Accacia’s presence in Southeast Asia, the Middle East, the United States and Canada in the coming year.

Founded earlier this year, the company is a software-as-a-service platform that helps real estate and infrastructure companies measure their decarbonization efforts. Company founders Annu Talreja, Piyush Chitkara and Jagmohan Garg have deployed its solutions to over 20 million square feet of institutional properties across Asia.

According to the company, the real estate sector accounts for about 40% of global carbon emissions, and part of the solution to the climate crisis is determining how these sectors operate. Accacia provides solutions to track the carbon footprint in real-time by integrating with ERP and property management systems such as Yardi to large property owners.