3 years ago

Altruistiq Raises €17.6 Million to Revolutionize Carbon Abatement

  • Altruistiq, a London-based climate tech startup, has raised €17.6 million in a Series A funding round led by Molten Ventures

  • The company's platform helps businesses measure, plan, and abate emissions in a simple and effective way

  • Altruistiq's carbon abatement model goes beyond simply committing to carbon offsets by identifying emission and reduction initiatives

  • The company's software provides granular data reporting and business intelligent impact management, enabling businesses to make more informed decisions about their sustainability efforts

  • The funding will be used to continue developing Altruistiq's platform and expand its reach to more businesses.

      • ProblemTechnology

      "Many businesses struggle to accurately measure and manage their carbon emissions, leading to generic emission factors and potential accusations of greenwashing."

      Solution

      "Altruistiq provides a carbon abatement platform that goes beyond basic carbon accounting, offering granular data engineering tools to help businesses understand their true environmental impact, make informed decisions about reducing emissions, and enhance their sustainability credibility."

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