New Delhi: Decarbonization platform startup Acacia, which focuses on real estate and infrastructure sectors, on Monday said it has raised US $ 6.5 million (about Rs 54 crore) from investors to expand the business.

In a statement, the company said it "has closed a pre-Series A round of US$6.5 million led by Illuminate Financial".

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

Founded in 2022 by Annu Talreja and co-founders Piyush Chitkara and Jagmoha Garg, Acacia provides an AI-enabled SaaS platform that helps real estate SES managers, owners, and developers track their emissions and design their decarbonization journey. Does.

“We have already deployed our solution in over 25 million square feet of real estate and are ready to capitalize on this opportunity and scale globally,” said Sai Talreja, Founder and CEO of Accacia.

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