Decarbonization of real estate is one of today’s biggest and most critical opportunities – a staggering $18 trillion of investment is required over the next decade to get the real estate industry to net zero.
Accacia, a platform focused on providing decarbonization strategies to real estate and infrastructure sectors, closed $2.5 million in seed funding led by Accel and B Capital. Blume Ventures, Good Capital, Zerodha’s Rainmatter Fund and Canada-based Loyal VC, and several leading angel investors also participated in the round.
Accacia is an AI-enabled SAAS platform that provides real estate developers, asset managers and financial institutions the key metrics and decisions they need to decarbonize their portfolio.
Real estate sector lacks robust tools to measure climate risks and define decarbonization strategies. Real estate contributes to nearly 40% of global carbon emissions. Unsustainable or ‘brown’ buildings are facing devaluation, making real estate review its outlook.
Brown buildings–and their notoriously sizable carbon footprints face aggregated devaluation in the real estate sector and are now starting to trade at discounts.
Accacia has deployed its solutions to over 20 million square feet of institutional real estate across Asia.