Antwerp-based ClimateCamp has raised €3.5M in seed funding, led by Expon Capital, to enhance its efforts in tackling Scope 3 emissions—a major hurdle in sustainability. The startup provides a platform facilitating supplier engagement for effective carbon tracking and emissions reduction. The funding from various sources, including private equity and government grants, aims to support ClimateCamp's rapid expansion. With over 800 companies currently on board, the firm anticipates reaching 2000 users by year-end, automating sustainability data processes and enhancing supplier relationships through personal interaction.
We're investing in ClimateCamp because tackling Scope 3 emissions is one of the biggest challenges in sustainability, and they've built a smart, scalable way to solve it.
Most businesses get over 85 percent of their emissions from their value chain, so working with suppliers is crucial.
To reduce emissions effectively, companies must include suppliers in measuring emissions, setting goals, and creating reduction plans.
Using AI, they automate the pre-loading and processing of sustainability data, while ensuring quality by having their team personally engage each supplier.
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