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Real estate decarbonisation startup Accacia raises $2.5 million in launch round

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  • Founded in 2022 by INSEAD alumni Ann Talrejafounders Piyush Chitkara and Jagmohan Garg, Accacia is an AI-enabled SAAS platform that provides decarbonization strategies.
  • According to a World Economic Forum report, real estate contributes up to 40% of global carbon emissions.
  • Accacia will use the capital to expand its presence in Southeast Asia, the Middle East, the US and Canada over the coming year.

Accacia, a platform focused on delivering low-carbon strategies to the 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 Canadian based Loyal VCand several leading angel investors also participated in the round.

Accacia is an AI-powered SAAS platform that provides real estate developers, asset managers and financial institutions with the key metrics and decisions they need to decarbonise their portfolio. It was founded in 2022 by INSEAD alumni Annu Talreja along with Piyush Chitkara and Jagmohan Garg.

“The real estate industry lacks robust tools to measure climate risks and define decarbonisation strategies. We work with major asset managers, developers and real estate operators to help them with the tools they need to define and monitor their path to net zero,” said Annu Talreja, founder and CEO of Accacia.

This is reported by a World Economic Forum
report, real estate contributes to nearly 40% of global carbon emissions. Unsustainable or ‘brown’ buildings are facing devaluation, forcing real estate to review its prospects for the future.

“Brown buildings – and their notoriously large carbon footprint – are facing an aggregate devaluation in the real estate sector and are now starting to trade at discounts,” Christian Ulbrichsaid global CEO and president at JLL.

Decarbonising real estate is one of today’s biggest and most critical opportunities: as much as $18 trillion in investment is needed over the next decade to bring the real estate industry to net zero, Accacia said in a statement.

“Only 3,000 of the approximately 40,000 listed companies currently report their emissions, making climate reporting and decarbonization a huge opportunity. At Accel, we firmly believe that SAAS is the solution for scaling net-zero effort across industries,” said Prashanth Prakashpartner at Accel.

Accacia has deployed its solutions to more than 20 million square feet of institutional real estate across Asia. The company will use the capital to expand its presence in Southeast Asia, the Middle East, the US and Canada in the coming year.

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