Carbonstop Secures $14.82 Mn in Round-B Financing

Carbonstop completed a round B of financing worth 100 million yuan ($14.82 million), led by Sequoia China and followed by its original shareholders GL Ventures and Matrix Partners.

This funding will be used for the research and development of carbon management software products and the expansion of consulting, marketing, and business teams.

Carbonstop was founded in 2011, it has been developing with the philosophy of always pursuing 'There is no management without reasonable quantification', adhering to science and technology, data and products as the driving force, promoting enterprises and institutions in various industries to carry out carbon emission calculation, management, emission reduction, and eventually towards carbon neutrality.

Over the past 11 years, Carbonstop has cooperated with more than 1200 customers including Baidu, Alibaba, Tencent, ByteDance, Meituan,JD.com, KFC, Starbucks, SKP, Dow, CNOOC, China Airport Construction Group, Dubai World Expo, Hillhouse, Centurium Capital, China Construction Bank, Mastercard, Porsche, SINO JET, etc.

In the past five years, Carbonstop has shown rapid growth, with an annual compound growth rate of more than 100%. In the first half of 2022, under the dual challenges of the harsh capital environment and COVID-19, Carbonstop had a nearly 300% year-over-year growth rate in revenue, highlighting its business toughness.