– Coral, a UAE-based climate-tech startup, raised $3 million in seed funding to expand its AI-driven carbon management and offsetting platform.

– The startup uses blockchain for transparency in carbon credit tracking and AI to streamline carbon footprint evaluation, offering businesses efficient and reliable carbon management solutions.

– With the carbon market set for rapid growth by 2030, Coral aims to lead in making carbon neutrality accessible and transparent for businesses globally.

Coral, a UAE-based climate-tech startup specializing in carbon emission management and offsetting, has announced the successful closure of its seed funding round, securing $3 million from experienced tech investors.

The startup offers an advanced AI-powered platform that simplifies carbon data collection, footprint evaluation, reporting, and offsetting for businesses. A standout feature is its one-click offset integration designed specifically for e-commerce, enabling businesses to provide their customers with a more sustainable shopping experience.

The company uses blockchain technology to ensure full traceability of carbon credits and real-time auditability, guaranteeing transparency and quality in offset transactions.

Daniele Sileri, Director of Product and Strategy at Coral, said it was a pleasure to have accomplished the milestone of finalising their seed round and grateful for investors who care about the sustainable future that the company envisions.

“This will enable them to scale up their platform, to be able to enlarge their team, and to increase the execution velocity in making carbon neutrality accessible and transparent to businesses across the world.”

Juergen Hoebarth, Director of Operations and Research, emphasised Coral’s focus on truly integrating AI and blockchain technologies into its platform.

He stated that the platform differentiates itself by not just talking about AI and blockchain as trendy topics, but by effectively implementing them as core components of Coral’s EMS Platform that truly enhance the customer journey. They’re proud to demonstrate how these advanced technologies can be seamlessly integrated to simplify data collection, analysis, and reporting; offering real value to their users.

As the carbon market is expected to see massive growth by 2030, Coral aims to position itself as a leader in the space.