CarbonOne Secures Seed funding to advance carbon Accounting & Reporting for Food & Beverage brands

Toronto, ON, July 10, 2024 - CarbonOne is delighted to announce it has closed an oversubscribed Seed Round with Private Investors.

Driven by regulatory requirements, Net Zero commitments and stakeholder demand, companies of all sizes face mounting pressure to report Carbon emissions. CarbonOne's technology represents the next generation of carbon intelligence platforms. It allows any Food & Beverage brand to easily measure and understand its carbon footprint, share it with stakeholders, and accelerate Net Zero efforts. All at a fraction of the cost and time to traditional approaches.

After self-funding the Saas-based platform to launch, CarbonOne has proven its technology to be a trusted, cost-effective Carbon Accounting & Reporting solution for Food & Beverage brands. With specialization in Product Carbon Footprints (PCF) and Scope 3, which representing 80% or more of a company's footprint, CarbonOne is helping brands compete and win in a Net Zero world.

Brett Wills, Co-founder, and CEO says,

“ This significant funding allows us to continue evolving our platform, scale faster and strengthen our position as Food and Beverage’s Trusted Partner for Carbon Intelligence. The market has confirmed an urgent need for our technology solution and we're thrilled to partner with successful entrepreneurs as we take the next step towards our Purpose of Fighting Climate Change and Feeding the World."

Panos Panagiotakopoulos, co-founder and CSO adds,

“This partnership represents a major milestone for us to further disrupt the carbon accounting and reporting market. Carbon Reporting in Canada has arrived. Food and Beverage companies must act now to avoid losing market share and investment opportunities. CarbonOne's solution makes even the most advanced Carbon Accounting accessible to any Brand to strengthen the competitiveness of the entire Canadian agri-food sector.”

About CarbonOne

CarbonOne is a Canadian clean-tech company operating in the Carbon Accounting and Reporting Space. The next-generation technology platform allows any Food & Beverage brand to easily measure and understand its carbon footprint, share it with stakeholders, and accelerate Net Zero efforts. With a specialty in Scope 3 and Product Carbon Footprints, CarbonOne combines the highest quality data with cutting-edge edge technology and decades of experience to provide a game-changing measurement solution across all Scopes. Easy to set up with no experience needed, the platform also allows users to easily set science-based targets, produce on-demand reports and accelerate Net Zero efforts with the right carbon intelligence.

Contact Information

For further information, please contact:

Brett Wills, Co-founder & CEO

CarbonOne

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