Sustainiam Partners with Orios for Global Expansion and Carbon Trading Platform
Deal News | Dec 10, 2024 | Orios Venture Advisors Pvt Ltd
Climate tech startup Sustainiam has secured $1.45 million in a funding round led by Orios Venture Partners. The startup aims to expand globally, bolster its workforce, and launch a tech-enabled platform for trading environmental assets. Sustainiam, founded in September 2023, offers carbon footprint management solutions and has already attracted over 140 clients globally, including Coca-Cola and H&M. The funding will accelerate the launch of its digital platform, aimed at simplifying the registration and trading of carbon assets. The company plans further expansions by targeting key markets like the US, Europe, India, and China.
Sectors
- Climate Tech
- Venture Capital
- Environmental Services
Geography
- India – Sustainiam is based in Noida, India, highlighting its origin and operations.
- United States – The US is one of Sustainiam's prominent markets, emphasizing its international operations.
- Europe – Europe is another key market where Sustainiam aims to expand its carbon asset trading operations.
- China – China is identified as a significant market for Sustainiam's carbon management solutions.
Industry
- Climate Tech – The article highlights Sustainiam, a startup operating in the climate tech sector by offering carbon management and sustainability solutions.
- Venture Capital – Orios Venture Partners, a venture capital firm, led the funding round, thus playing a key role in financing startups in the climate tech industry.
- Environmental Services – Sustainiam's focus on carbon certificate management and trading falls under environmental services, specializing in sustainability solutions.
Financials
- $1.45 million – The amount raised by Sustainiam in its maiden funding round led by Orios Venture Partners.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sustainiam | Target Company | Companies | A climate tech startup providing carbon management solutions. |
| Orios Venture Partners | Investor | Companies | A venture capital firm leading the funding round for Sustainiam. |
| Shilpa Shetty Kundra | Investor | People | Actor participating as an investor in the funding round. |
| Rajesh Sawhney | Investor | People | Founder of GSF Accelerator and one of the investors in Sustainiam. |
| Harsh Vardhan Bhagchandka | Investor | People | President of IPL Biologicals, participating in the investment round. |
| Vinit Bhansali | Investor | People | Former partner at Orios Venture, investing in the round. |