Avarni, a Sydney, Australia-based carbon management startup, raised $3M in funding.
The round was led by Main Sequence, with participation from Vulpes Ventures and Common Sense Ventures.
The company intends to use the funds to expand operations and business reach.
Led by CEO Tony Yammine, Avarni provided a carbon management platform which, driven by AI and a supplier network, cuts measurement, hotspot identification, and planning processes to days, enabling companies to quickly understand and address their emissions exposure.
To assist with the decarbonisation process, Avarni helps large consultancies and enterprise companies to aggregate supply-chain and spending data to help them understand, report and forecast their carbon footprint across scope 1, 2 and 3 emissions. The platform speeds up the process of assessing, planning and monitoring carbon emissions across an organisation and its supply chain, while allowing them to also forecast different decarbonisation scenarios.
Since its inception, Avarni has grown quickly, analysing more than $100 billion in corporate spending data and 150 million tonnes of CO2e in supply chains. Its data set has seen it secure deals with major consulting firms such as KPMG Australia, as well as other major global enterprises such as Point B and 5B focussed on expanding their Scope 3 decarbonisation solution sets. Avarni is also a technology partner at the McKinsey Digital Capability Center, part of McKinsey & Company’s global Digital Capability Center Network.
The founding team included Tony Yammine, CEO who was previously a Management Consultant at KPMG Australia, Misha Cajic, CPO and previously a product manager at Atlassian, and Anuj Paudel, CTO and previous cloud network engineer at Macquarie Telecom Group.
FinSMEs
30/12/2022