Coral, a climate tech startup headquartered in Dubai, has successfully raised $3 million in seed funding to expand its carbon emission management platform. The funding round was led by a group of seasoned tech investors with over 40 years of collective experience. The company aims to use this capital to scale its AI-driven platform, expand its team, and enhance its global reach.
Coral’s platform automates carbon data collection, emission tracking, reporting, and offsetting within a single system. It offers businesses, especially in the e-commerce sector, the ability to integrate one-click carbon offsetting at checkout, providing customers with a sustainable shopping experience. The platform is built on a blockchain backend, ensuring full transparency and auditability of carbon credits and offsets.
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Strategic Partnerships and Future Plans
Coral has already partnered with major players like Nissan, offering carbon footprint management for their Formula E team. With this new funding, the company plans to expand operations, including opening a new office in Abu Dhabi, to better serve its growing global customer base.
A Vision for the Future
“This funding allows us to accelerate our mission of making carbon neutrality accessible and transparent for businesses worldwide,” said Daniele Sileri, Director of Product and Strategy. With the carbon market expected to grow significantly by 2030, Coral is well-positioned to help organizations achieve their sustainability goals through advanced AI and blockchain technology.
