CFEX, a San Francisco, CA-based provider of a cloud-based decarbonization platform, raised an undisclosed amount in Seed funding.
The round was led by Accurant International.
The company intends to use the funds to accelerate the roll-out of its products to help enterprises worldwide to achieve Net Zero.
Led by CEO Jian Zhang, CFEX partners with enterprises and Carbon-Free Energy suppliers worldwide to decarbonize their businesses. Its Carbon Free Energy Cloud application suite helps these organizations track Scope 2 emissions, plan mitigation strategies and operationalize mitigation programs. The company delivers turnkey applications that enable its clients to:
- Calculate Scope 2 emissions on a 24×7 hourly basis with accuracy and auditability
- Develop mitigation strategies and simulate their carbon and cost impacts
- Operationalize Scope 2 mitigation programs including management of energy data, Energy Attribute Certificates (EACs), PPA contracts, and billing and settlement processes
- Evaluate the performance and effectiveness of Scope 2 mitigation programs.
FinSMEs
08/02/2023