For companies aiming toward net zero, tracking scope 3 carbon emissions is a key challenge. Scope 3 are emissions along a supply and value chain, which means they have to account for a large number of partners. Avarni automates much of the process and says it can cut down the amount of time spent on carbon reporting from months to minutes. The Sydney, Australia-based startup announced today it has raised $3 million for its carbon management platform. The funding was led by deep tech venture firm Main Sequence, with returning investors Vulpes Ventures and Common Sense Ventures.
Avarni’s platform aggregates supply chain and spending data into one comprehensive dataset, and it uses that and AI to help clients report and forecast their carbon footprint. Since its launch last year, Avarni has analyzed more than $100 billion in corporate spending ...
