1. Startups

Carbon Footprint Management Platform Jakarta Reportedly Closes Initial Funding

ITM Group, Indogen Capital, Asia Ventura, Aurum Ventures, SMDV, East Ventures, and a number of companies participated in this round

Startups climate-tech It is reported that Tracein has recorded initial funding (seed). According to data that has been submitted to the regulator, as quoted from Alternative.pe, the value reached $2,7 million or the equivalent of 43,7 billion Rupiah. A number of investors participated in this round, including ITM Group, Indogen Capital, Asia Ventura, Aurum Ventures, SMDV, East Ventures, and a number of local companies.

Trace it already founded in 2018, captained by a number of co-founder including Arfan Arlanda (CEO), Sudono Salim (Chief Growth), Andreas Djingga (COO), and Haris Iskandar (Chief Sustainability & Climate Change).

Tiketin's main service is a carbon management platform. They have three main products, CarbonIQ as a carbon emissions calculation and management platform makes it easy to collect the data needed for a company's net-zero journey.

CarbonAtlas, a monitoring system that provides comprehensive data on impact measurement and environmental analysis of projects. And CarbonSpace, a platform marketplace which allows users to choose the best reforestation and other carbon projects from Lintasin partners.

At the end of 2023, Trace it has also become a Certified B Corporation™️ to accelerate decarbonization efforts.

The Indonesian government is committed to reducing greenhouse gas (GHG) emissions by 29% with its own efforts and 41% with international assistance by 2030, as stated in the Nationally Determined Contribution (NDC) to the Paris Agreement. On this basis, the government also encourages the private sector to actively participate – thus forcing every company to measure and measure its carbon footprint.

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This is an opportunity for Jakarta and similar players to present solutions - especially by utilizing technology, the process can be faster and more scalable. Apart from Jakarta, there are already several similar players in Indonesia, for example Fairatmos, Envmission, and several others.

Faritamos himself at the end of 2022 announced $4,5 in funding million led by Go-Ventures and its subsidiary Toba Bara Sejahtera, supported by Vertex Ventures and a number of angel investors.

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