Topics
Latest
AI
Amazon
Image Credits:Carbonfact
Apps
Biotech & Health
mood
Image Credits:Carbonfact
Cloud Computing
Commerce
Crypto
Image Credits:CarbonfactImage Credits:Carbonfact
Enterprise
EVs
Fintech
fund-raise
contrivance
stake
Government & Policy
ironware
Layoffs
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
security measures
societal
quad
Startups
TikTok
expatriation
Venture
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
video recording
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
Gallic startupCarbonfactbelieves that the in force carbon accounting solutions will focus on one perpendicular . That ’s why the company has decided to offer a carbon management and reporting peter alone for the mode industry .
Carbonfact recently raised a $ 15 million funding round of golf led byAlven , a French VC firm that also led the inauguration ’s seed round in 2022 . Other investors in the daily round include Headline and Y Combinator , which also did a follow - on investing .
Big company in the fashion industry ( and other industry ) involve to come up with a atomic number 6 accounting strategy , as regulation is changing in Europe and the U.S. — the EU ’s Corporate Sustainability Reporting Directive ( CSRD ) , California ’s Climate Corporate Data Accountability Act , and the NY Fashion Act all expect extensive tracking and reporting of how sustainability issues move a company ’s business organisation .
That ’s why there has been a godsend in carbon accounting platforms . The cock-a-hoop single , likeWatershed , Persefoni , SweeporGreenly , have an industriousness - agnostic approaching . They help you pass over your carbon emissions and produce reports in a more or less automated way .
But in a manner similar toCarbon Maps , which pore exclusively on the food industry , Carbonfact is focus on the fashion manufacture so that its product can be more granular and more specific .
“ For these industries — intellectual nourishment is a very skillful example , style is a very good example — you need to be accurate in your calculations . You need industry - specific tools to simulate virtual products and improve your Cartesian product offering in the future , ” Carbonfact ’s atomic number 27 - founder and CEO , Marc Laurent , told TechCrunch in an interview .
Carbon data at the product level
Carbonfact retrieves companies ’ data from their ERP and other inner systems , and then calculates the footprints for each production using a animation cycle assessment engine that is specifically designed for article of clothing items .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
“ [ client ] also have data in what they call PLM [ production lifecycle direction software package ] — that ’s the software in which they put all the product data point . This is where you ’ll find the Cartesian product formula mainsheet . They sometimes have data in traceability platform , such as Retraced , TrusTrace , moderately Made in France , etc . And finally , they sometimes have data in Excel files , ” Laurent tell .
After concentrate and normalizing all that data in a single platform , as the fashion industry relies on a shower of supplier , Carbonfact wants to assist companies count their scope 1 , 2 and 3 emissions . oscilloscope 3 emanation , in peculiar , embrace collateral emissions from third - political party suppliers .
The inauguration first generate its clients a broad idea of their master emanation hot spots with an uncertainty range . It then help them prioritise data collection with provider to complicate the data point and better carbon coverage .
After that , Carbonfact can become a customer ’s carbon footprint splashboard . It permit you get broad reports and practise down at the SKU spirit level to see the environmental monetary value of each product . The political platform can then be used to run “ what - if ” scenario to see if you should change a material , move to a unexampled country of manufacturing , or change your transport method .
While many company will focus first on CO2 - tantamount metrics , Carbonfact can also be used to give chase other metrics , such as water consumption , French eco - labels , and other environmental indicator . In the carbon accounting manufacture , they call these indicator the Product Environmental Footprint Category Rules , or PEFCR for inadequate .
Carbonfact has already onboarded over 150 apparel and footwear marque , including New Balance , Columbia , Carhartt and Allbirds . “ We track 100 % of their subsidiaries , 100 % of their suppliers , 100 % of their products , ” Laurent enunciate .
Each client pays ten of yard of clam per year to apply Carbonfact . With a little back - of - the - gasbag computation , if we consider that a client pay off around $ 20,000 per year on average , it means that the French startup already generates at least $ 3 million in yearly recurring tax income .
It ’s clear that sustainability direction software is a growing segment in the human race of enterprise software . Still , it ’s also a untested sector . So it ’s live on to be interesting to see if several industry - specific platforms can become turgid companies , or if there will be some consolidation down the road .
