Carbonetworks raises $5M for emissions tracking software
Carbonetworks, a software company making a product that can help track and manage greenhouse gas emissions for corporations, has taken a first funding round of $5 million.
The company’s software suite, aimed at companies of any size, is designed with an eye toward compliance with regulatory requirements, which are expected to be instituted in coming years. It also maintains a “marketplace” to help find and buy carbon offsets.
The funding was provided by NGEN Partners. Carbonetworks is based in British Columbia, Canada.
Next Story: E3 perspective: An interview with John Riccitiello, CEO of Electronic Arts
Previous Story: Will CherryPal be the first mass-market cloud computer?
About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.