**Headline:** Accacia Secures USD 6.5 Million Funding to Drive Business Expansion

Accacia, a startup focused on decarbonization in real estate and infrastructure, has raised USD 6.5 million from Illuminate Financial, AC Ventures, Accel, and B Capital. The company's AI-enabled SaaS platform assists asset managers, owners, and developers in tracking emissions and planning decarbonization strategies. Accacia has deployed its solution in over 25 million square feet of real estate and aims to expand globally. The funds will be used to enhance platform capabilities, grow the team, and accelerate business expansion.


PTI | New Delhi | Updated: 22-04-2024 17:54 IST | Created: 22-04-2024 17:54 IST
**Headline:** Accacia Secures USD 6.5 Million Funding to Drive Business Expansion
  • Country:
  • India

Startup Accacia, a decarbonisation platform focusing on real estate and infrastructure sectors, on Monday said it has raised USD 6.5 million (around Rs 54 crore) from investors to expand the business.

In a statement, the company said it has ''closed a USD 6.5 million pre-Series A round led by Illuminate Financial''.

Southeast Asia-based AC Ventures also participated in this round, alongside continued support from early backers Accel and B Capital.

Founded in 2022 by Annu Talreja and co-founders Piyush Chitkara and Jagmohan Garg, Accacia offers an AI-enabled SAAS platform that helps real estate asset managers, owners and developers track their emissions, and design their decarbonisation journey.

''We have already deployed our solution to over 25 million square feet of real estate and are poised to leverage this opportunity and scale globally,'' said Talreja, Founder and CEO at Accacia.

Accacia's tech platform integrates with existing property management, energy management and procurement systems to automate real-time data capturing and tracking.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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