Real estate decarbonisation platform, Accacia, raises $2.5mln seed round led by Accel and B Capital

Real estate decarbonisation platform, Accacia, raises $2.5mln seed round led by Accel and B Capital

Dubai, United Arab Emirates — Accacia, a decarbonisation platform focused on the real estate and infrastructure sectors, has closed US$2.5mil in seed funding led by Accel and B Capital. Blume Ventures, Good Capital, Zerodha’s Rainmatter Fund and Canada-based Loyal VC, along with several leading angels, also participated in the round.

Founded in 2022 by INSEAD alumni Annu Talreja and cofounders Piyush Chitkara and Jagmohan Garg, Accacia has deployed its solution to over 20mil square feet of institutional real estate across Asia. The company was also selected in the “Future of Buildings” category at New York Climate Summit in 2022 and UOB’s Finlab accelerator for fintechs with sustainability focus. The company will use the capital to expand its presence across Southeast Asia, the Middle East, the U.S. and Canada over the next year.

“Real estate and construction activities contribute to about 40 percent of global Greenhouse Gas (GHG) emissions. The sector lacks robust tools to measure climate risks and define decarbonisation strategies. We are working with large asset managers, developers, and real estate operators to help them with tools they need to define and monitor their path to net zero,” said Annu Talreja, Founder and CEO at Accacia.

“With the impact of climate change