CarbonChain
CarbonChain, based in London, offers carbon accounting software and solutions to help manufacturers and commodity traders manage and reduce their carbon emissions.
Services
CarbonChain provides carbon accounting software tailored for manufacturers, commodity traders, and their banks. The company offers a Software as a Service (SaaS) tool that enables firms in highly polluting industries to track their supply chain carbon emissions. CarbonChain's services help companies measure, report, and transition towards low-carbon operations. Additionally, they offer CBAM reporting software and calculations, including a free XML report generator known as FreeBAM.
History
CarbonChain participated in the Y-Combinator's S20 batch. Since then, it has made significant strides in its industry, notably starting with locations in London, England, and extending its influence across the United Kingdom and Europe. The company has successfully raised $10 million in Series A funding and plans to expand further by opening a New York City location while hiring for new roles.
Partnerships
CarbonChain has established important partnerships to enhance its service offerings. The company collaborates with thyssenkrupp Materials Services to provide a solution for low-carbon metals procurement. It also partners with MMTA, aiming to empower the minor metals industry in the transition to low-carbon operations. In conjunction with ClearSky, CarbonChain offers a comprehensive solution for carbon management tailored specifically for industrial supply chains and commodity trades.
Accreditations and Methodology
CarbonChain is accredited as a CDP solutions provider, ensuring that their offerings meet rigorous standards for climate-related disclosures. The company's methodologies for carbon accounting and reporting have received third-party verification, attesting to their accuracy and reliability. These accreditations provide clients with confidence in the efficacy of CarbonChain's solutions.
Future Plans
CarbonChain has announced plans to further expand its operations and influence. With significant Series A funding of $10 million, the company plans to open a new location in New York City. This expansion includes hiring for an array of new roles, indicating CarbonChain's commitment to scaling its capabilities and enhancing its service offerings on a broader geographical scale.