Accacia, a decarbonisation platform focusing on the real estate and infrastructure sectors, has recently secured $6.5 million in pre-Series A funding.
Founded in 2022 by a trio of INSEAD alumni – Annu Talreja, Piyush Chitkara, and Jagmohan Garg – Accacia is a visionary response to one of the most pressing challenges of our times: climate change.
With real estate and construction activities responsible for about 40 per cent of global greenhouse gas (GHG) emissions, the urgency to address this cannot be overstated.
That’s where Accacia’s AI-enabled SAAS platform becomes a game-changer. It empowers real estate asset managers, owners, and developers to meticulously track their emissions and meticulously chart their decarbonisation journeys.
Imagine having the power to predict and manage your property’s impact on the climate, all at your fingertips; that’s Accacia for you.
timely support amid stricter regulations.
This funding round is particularly timely. With the Securities & Exchange Commission (SEC) and Singapore Exchange (SGX) rolling out new regulations on carbon emissions reporting, the real estate sector is under increasing pressure to provide comprehensive and real-time climate risk data.
Accacia has already deployed its solution across over 25 million square feet of real estate, and is now poised to scale these solutions globally.
Annu Talreja, founder and CEO of Accacia, captures the urgency: “This funding comes at a crucial juncture, and we are poised to leverage this opportunity and scale globally,”
As to what Accacia plans to inject the money into, Ms Talreja added that “the capital would be primarily used for two purposes, which are to develop more integrations to further automate data capture and strengthen Accacia’s decarbonisation AI, as well as various market expansions in Asia and US markets.”
backed by big partners.
Illuminate Financial, alongside Southeast Asia-based AC Ventures, Accel and B Capital, has backed Accacia this round, drawn by Accacia’s potential to redefine climate risk assessment in real estate.
Rezso Szabo, Partner at Illuminate Financial, notes, “Measuring and managing climate risks has become imperative, especially for large financial institutions. With Annu’s background and industry experience in real estate, we felt Accacia is the right fit to take on a leading position in the global real estate decarbonisation market.”
Helen Wong, Managing Partner at AC Ventures, also mentioned, “Given our deep interest in climate change, we were confident that the (real estate) sector demanded a custom solution designed for specific nuances, and we loved what Accacia has built.”
the road ahead.
As the real estate industry becomes a focal point for climate solutions, with an estimated $18 trillion needed over the next decade to reach net zero, Accacia’s platform stands out.
It integrates seamlessly with existing property management, energy management, and procurement systems, automating data capturing and tracking, making it the quickest and most affordable route for real estate companies striving for net zero.
Accacia has also begun discussions with various government agencies across Asia, as part of their proposed expansion plans.
A greener, cleaner world, one building at a time.
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