Coral Raises $3 Million in Seed Round for Carbon Emission Solutions

Coral, a climate tech startup based in the UAE, has secured $3 million in seed funding to advance its carbon management platform. The round was led by tech investors with over 40 years of collective experience, positioning Coral to expand its operations and address the growing demand for transparent carbon solutions.

The startup’s AI-driven platform integrates carbon data collection, footprint evaluation, reporting and offsetting into a single streamlined system. One of its standout features is a one-click offset integration for e-commerce businesses, allowing them to offer sustainable shopping experiences. The platform is built on a blockchain backend, ensuring full lifecycle traceability of carbon credits and real-time auditability, bolstering the quality and transparency of carbon offsetting initiatives.

Since 2023, Coral has partnered with Nissan to provide carbon footprint calculations and offsetting for their Formula E team. Its Emissions Management System (EMS) is already live for several clients, with major corporate customers and international climate organizations currently being onboarded.

With the global carbon market projected to grow significantly by 2030, Coral is positioning itself to have a major impact on the industry. The newly acquired funding will be used to scale the platform, expand the team, and accelerate its mission to make carbon neutrality more accessible for businesses.

Coral plans to further grow by opening an office in Abu Dhabi and increasing its team of experts to meet the rising demand for its solutions.