Carbo, a French startup that helps companies measure their carbon footprint, has raised €5 million in funding from MAIF Avenir, La Banque Postale, BPIFrance, and business angels. The company's online solutions are aimed at individuals, small and medium-sized enterprises, and ETIs (intermediate-sized enterprises) to easily manage their carbon impact and engage in eco-responsible initiatives. Carbo's SaaS platform includes certified carbon footprint reporting provided by the French Environment and Energy Management Agency (ADEME), as well as personalized support to reduce the impact of their activities.
Co-founded in 2019 by Simon Létourneau, Julien Janson, and Emmanuel Watrinet, Carbo aims to accelerate the awareness of citizens and companies to reduce their carbon footprint. The startup has already attracted several companies such as Back Market, Lunii, Malt, Balzac Paris, and Alan.
MAIF Avenir is a subsidiary of the French insurance company MAIF, which invests in startups that help address social and environmental challenges. La Banque Postale is a French bank that focuses on serving individual customers, small and medium-sized businesses, and local public institutions. BPIFrance is a French public investment bank that helps finance and support the growth of French companies.
In conclusion, Carbo's funding will help the startup expand its reach and impact on carbon reduction initiatives. The company's online solutions have already attracted several companies and individuals interested in reducing their carbon footprint.