Real Estate Decarbonisation Platform Accacia Raises US$6.5m Pre-A Round 

New Delhi/ NCR, April 23, 2024: Accacia, a decarbonisation platform focusing on the Real Estate and Infrastructure sectors, has closed a US$6.5m pre-Series A round led by Illuminate Financial – a specialist VC firm focused on enterprise fintech companies building solutions for the financial services industry with offices in New York, London and Singapore. Southeast Asia based AC Ventures also participated in this round, alongside continued support from early backers Accel and B Capital. 

“This funding comes at a crucial juncture as the Securities & Exchange Commission (SEC) and Singapore Exchange (SGX) have announced regulations on carbon emissions’ reporting, underscoring the urgent need for comprehensive and real-time climate risk data. We have already deployed our solution to over 25m sqft of real estate and are poised to leverage this opportunity and scale globally,” said Annu Talreja, Founder and CEO at Accacia. 

 “Measuring and managing climate risks has become imperative for large financial institutions especially on real estate which is one of the most significant and most affected asset classes in their portfolio. 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 decarbonization market and are pleased to partner with the Accacia team,” said Rezso Szabo, Partner at Illuminate Financial.

“While real estate is one of the single largest contributors to GHG emissions, it is also a very hard-to-decarbonize sector given the complexity of value chain emissions (construction vs operations) and the variety of asset uses. Given our deep interest in climate, we were confident that the sector demanded a custom solution designed for nuances of the real estate sector and loved what Accacia has built,” said Helen Wong, Managing Partner at AC Ventures.