Carbonstop Secures 100M Yuan in Round-B Financing, led by Sequoia China and followed by its original shareholders GL Ventures and Matrix Partners
BEIJING, Aug. 8, 2022 /PRNewswire/ --On 1st August 2022, Carbonstop, China's first carbon emissions management software and consulting solutions provider, completed a round B of financing worth 100 million yuan ($14.82 million), led by Sequoia China and followed by its original shareholders GL Ventures and Matrix Partners.
- BEIJING, Aug. 8, 2022 /PRNewswire/ --On 1st August 2022, Carbonstop, China's first carbon emissions management software and consulting solutions provider, completed a round B of financing worth 100 million yuan ($14.82 million), led by Sequoia China and followed by its original shareholders GL Ventures and Matrix Partners.
- This funding will be used for the research and development of carbon management software products and the expansion of consulting, marketing, and business teams.
- In the past five years, Carbonstop has shown rapid growth, with an annual compound growth rate of more than 100%.
- Also, Carbonstop established the world's largest Carbon Emission Factor database to scientifically guide various industries to calculate carbon emissions.