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Carbonfact nabs $15M in Series A funding

Carbonfact, based in Paris, France, has secured $15M in Series A funding for its fashion industry software platform.

The funding round was led by Alven, with participation from prominent investors like Headline and Y Combinator.

The funds will drive the expansion and development of Carbonfact's carbon management software, which automates environmental reporting for apparel and footwear brands.

The platform, utilizing machine learning, analyzes IT systems data to provide detailed emission reports, facilitating compliance with new environmental laws. Carbonfact is already trusted by brands such as Columbia, New Balance, and Carhartt.

This investment will bolster Carbonfact's mission to help fashion companies measure, report, and reduce their carbon footprints efficiently.