New Delhi, April 22 -- Accacia, a decarbonisation platform focusing on the Real Estate and Infrastructure sectors, has closed a US$6.5m pre-Series A round led by Illuminate Financial - a specialist VC firm focused on enterprise fintech companies building solutions for the financial services industry with offices in New York, London and Singapore. Southeast Asia based AC Ventures also participated in this round, alongside continued support from early backers Accel and B Capital.

Real estate and construction activity contribute to about 40 per cent of global Greenhouse Gas (GHG) emissions. The sector lacks robust tools to measure climate risks and define decarbonisation pathways. Founded in 2022 by INSEAD alumni Annu Talreja and co-founder...