Accacia Secures $6.5m for Pre-A Financing Round

TLDR:

Accacia, a Singapore-based decarbonisation platform, raised US$6.5m in pre-Series A funding.
The funding round was led by Illuminate Financial, with participation from AC Ventures, Accel, and B Capital.

Accacia, founded in 2022 by Annu Talreja, Piyush Chitkara, and Jagmohan Garg, offers an AI-enabled SAAS platform for real estate developers and asset managers to measure and benchmark transitional risks related to carbon emissions. The company plans to use the funds to expand operations and development efforts. With the increasing regulations on carbon emissions reporting, the funding comes at a crucial time for Accacia to scale globally and provide comprehensive climate risk data in real-time.

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