Carbonfact Raises $15 Million to Expand Environmental Reporting Software for Apparel Industry

Carbonfact's Series A Funding

Key Highlights:

• Series A Funding: Carbonfact raised $15 million in Series A funding to expand operations and development efforts.
• Automating Environmental Reporting: Provides a software platform for the fashion industry to automate environmental reporting, specifically focusing on carbon management.
• Machine Learning Technology: Utilizes machine learning to analyze data, identify gaps and anomalies, and provide footprint calculations for emissions reduction.

Carbonfact's Target Market

• Apparel and Footwear Industry: Targets brands in the apparel and footwear industry, including well-known brands like Columbia, New Balance, and Carhartt.
• Brands Committed to Sustainability: Appeals to brands that prioritize sustainability and want to measure, report, and reduce their carbon emissions.
• Companies Seeking Compliance: Assists companies in aligning with multiple frameworks and complying with new laws and standards related to carbon disclosure.

What Carbonfact Needs to Buy

• Technology Development: Investments in technology development to enhance the software platform's capabilities and features.
• Partnerships with Fashion Brands: Collaborations with fashion brands to integrate the software platform into their IT systems and provide tailored solutions.
• Marketing and Sales Support: Resources to expand marketing and sales efforts to reach a wider audience in the fashion industry.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.