2 C
London
Saturday, January 28, 2023

Skalata Ventures backs NetNada climate technology startup to help SMEs become carbon neutral

Must read

Black Memphis residents on the beating of Tire Nichols by black cops

William Jones recalls that as a teenager in Memphis, Tennessee, black police officers interrupted pick-up football games with friends when a white neighbor called...

NASA’s ‘Mega Moon Rocket’ Made First Flight and Ready for Manned Artemis II Launch – londonbusinessblog.com

The massive Space Launch System passed its initial test with flying colors, NASA's preliminary analysis concludes, and the rocket and Orion capsule are ready...

Stripe responds to $2 billion report with a succinct ‘no comment’ • londonbusinessblog.com

To get a roundup of londonbusinessblog.com's biggest and most important stories delivered to your inbox every day at 3PM PST, register...

Twitter promises to take “less severe action” against accounts that break the rules

Twitter is promising that it will take "less severe measures" in disciplining accounts that break its rules; it will only suspend Twitter accounts...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

Start measuring the carbon footprint of small businesses NetNada raised $200,000 in Seed funding from Skalata Ventures to make reporting easier and more affordable for SMBs.

The support of Paul Little and Darrell Wade’s Melbourne VC comes amid shift in focus from biennial cohorts to invest now on a rolling basis in up to 5 start-ups per month.

skalata COO Maxine Lee said they were listening to what the founders wanted to change.

“There were no application deadlines or program dates,” she said.

“Our new Venture Development model enables us to support more companies, more effectively than ever before.”

Sydney-based NetNada’s platform integrates directly with accounting software such as Xero. It uses AI to automatically assess a company’s data and identify the impact of spending on the environment, then suggest the best ways to reduce the impact, while also identifying cost savings and automating stakeholder communication.

Co-founders Lochie Burke and Afonso Firmo previously established the Kolkata . established River Rangers charitable and sustainable market for household products, Little Pippinrespectively, and identified the affordability of small businesses that can act sustainably as a major issue and sought to ‘democratize’ it.

“Doing your ESG reporting and knowing your carbon footprint will be just as essential as doing your taxes right now,” Burke said.

“Two million Australian SMEs want to do the right thing, but with the typical ESG consultant fees of $100,000, they are fully priced. Sustainability is a vast and complex area. Offsetting carbon, cleaning up supply chains and looking for green solutions in the midst of greenwashing is a minefield for non-experts.”

As terms like “carbon neutrality,” “net zero,” and “climate positive” become part of business language, the fundamental problem remains that you can’t compensate for what you can’t measure.

“The first step to reducing your carbon footprint is understanding how big the shoe is,” he said.

“Our focus is on making complex and opaque data clear and actionable so entrepreneurs can self-regulate.”

The team predicts 10x customer growth over the next 12 months and has already signed several customers, including: United Resource Management and renew IT.

NetNada scored a MVP Grant of the NSW Government, and also participated in the UNSW Founders and CSIRO ON programs. David Burt, who led the ON program before becoming Director of Entrepreneurship at UNSW, has joined NetNada as an advisor.

Skalata co-founder Darrell Wade, founder of Intrepid TravelThe world’s largest carbon neutral travel company, said he admired NetNada’s approach.

“With imminent changes to accounting standards, carbon accounting will become an essential part of a company’s reporting framework,” he said.

“Fortunately, companies can now do the right thing while getting ahead of the compliance curve by using NetNada.”

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Black Memphis residents on the beating of Tire Nichols by black cops

William Jones recalls that as a teenager in Memphis, Tennessee, black police officers interrupted pick-up football games with friends when a white neighbor called...

NASA’s ‘Mega Moon Rocket’ Made First Flight and Ready for Manned Artemis II Launch – londonbusinessblog.com

The massive Space Launch System passed its initial test with flying colors, NASA's preliminary analysis concludes, and the rocket and Orion capsule are ready...

Stripe responds to $2 billion report with a succinct ‘no comment’ • londonbusinessblog.com

To get a roundup of londonbusinessblog.com's biggest and most important stories delivered to your inbox every day at 3PM PST, register...

Twitter promises to take “less severe action” against accounts that break the rules

Twitter is promising that it will take "less severe measures" in disciplining accounts that break its rules; it will only suspend Twitter accounts...

5 ways to become a better public speaker this year

Opinions expressed by londonbusinessblog.com contributors are their own. The ability to speak in public is a skill that anyone can use. From coaches to...

Contents