Coolset, formerly known as Greencast.io, announced today the launch of its new automated decarbonization platform for small and medium-sized enterprises (SMEs). The platform enables SMEs to measure, analyze, reduce, and remove their carbon footprint in just a few weeks, making it an accessible and actionable alternative to hiring expensive consultants or using Excel-based tools.
By 2024, more than 50,000 businesses across Europe will be required to report on their sustainability under the EU Corporate Sustainability Reporting Directive (CSRD). However, current solutions are often complex and tailored to large enterprises, making them unfit to serve 80% of global businesses. Coolset’s platform fills this gap by providing a simple and effective solution that is accessible to those companies.
The team just raised €1.5m in seed funding to double down on its vision of becoming the one-stop-shop for decarbonization. The round is led by Global Cleantech Capital, and joined by first investor Shamrock Ventures, Horizon, The Sharing Group and various angels.
“The cost-efficient solution is truly unique, and Coolset enables SMEs – which typically are not served by big consultants selling hours – to accelerate their journey towards net zero emissions," says Paul Kloppenborg, managing partner at Global Cleantech Capital.
"Coolset has the potential to revolutionize the way these companies approach decarbonization, effectively future-proofing the economy of the future. We have been impressed with Coolset’s rapid growth and are thrilled to be a part of their journey.”
The funding will be used to hire across engineering, sales, and marketing, as well as to further develop the platform’s features that allow users to plan scenarios, create benchmarks and generate actionable decarbonization strategies across scope 1, 2, and 3.
“We are thrilled to launch our new automated decarbonization platform and to have secured funding to help us expand our team and accelerate our growth,” said Konstantinos Kouzelis, co-founder and CEO of Coolset. “We believe that businesses will need to deploy digital solutions to advise them on their optimal net-zero pathways, and our platform provides a simple and effective way for SMEs to do this.”
Coolset currently supports customers across industries such as Lepaya, HelloPrint, and MyWheels.
“We were impressed by Coolset’s vision and their ability to translate it into a tangible solution that can benefit thousands of businesses,” said Tommy Hurley, managing partner at Shamrock Ventures. “Their platform offers a unique combination of automation, analytics, and user-friendliness, making it a compelling option for SMEs looking to reduce their carbon footprint. We are excited to continue to support Coolset in their growth and impact.”
To learn more about Coolset and our all new automated decarbonization platform, get in touch.