CarbonChain

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CarbonChain

CarbonChain Competitive Intelligence & Landscape

carbonchain.com ·

Overview

CarbonChain Overview

CarbonChain (carbonchain.com) is an environmental services company that provides an AI-fueled carbon accounting platform designed to help businesses track emissions and accelerate climate action. The company’s mission is to transition the world’s supply chain to a net-zero economy by providing precise accounting of emissions caused by the creation, shipment, and usage of critical commodities and products globally [https://www.carbonchain.com/about]. Their platform helps companies compare supplier carbon costs, comply with regulations, reduce carbon taxes, and differentiate through sustainability [https://carbonchain.com/].

CarbonChain offers a range of products and services, including supply chain emissions tracking, CBAM (Carbon Border Adjustment Mechanism) solutions for declarants and installations, corporate carbon footprints, and product carbon footprints [https://carbonchain.com/]. The platform allows users to benchmark suppliers, identify hotspots, and generate custom reports by integrating data from various sources like ERP, CTRM, and APIs. Their methodology, which includes asset-level data for over 11,000 commodity suppliers, has been independently verified by Bureau Veritas and validated against the GHG Protocol by SGS [https://www.carbonchain.com/blog/carbonchain-methodology-receives-third-party-verification]. The platform is also ISO 27001:2022 compliant, emphasizing its commitment to data security [https://www.carbonchain.com/security].

CarbonChain primarily targets manufacturers, traders, and banks, empowering climate-critical sectors to make data-driven decisions [https://carbonchain.com/]. The platform supports procurement by uncovering hidden supplier carbon costs, assists sales teams in low-carbon markets by generating product carbon footprints, and helps finance departments secure better financing terms by providing transparency on Scope 1, 2, and 3 emissions data [https://carbonchain.com/]. Founded in 2018 by co-founders Roheet Shah and a co-founder with combined decades of experience in supply chains and commodities, CarbonChain is headquartered in London, UK [https://www.carbonchain.com/contact-us][https://linkedin.com/company/carbonchain][https://www.carbonchain.com/blog/a-letter-from-our-ceo-carbonchains-10m-series-a-funding].

The company has achieved significant milestones, including delivering over 1 million product carbon footprints and completing more than 500 CBAM declarations [https://carbonchain.com/]. In April 2023, CarbonChain successfully raised $10 million in Series A funding, co-led by Union Square Ventures (USV) and Voyager Ventures, to further accelerate global decarbonization through carbon accounting [https://www.carbonchain.com/blog/carbonchain-raises-10m-series-a-to-accelerate-global-decarbonization-through-carbon-accounting]. As of its LinkedIn profile, the company employs 2 people, though its careers page suggests an active recruitment for engineers, designers, and data scientists to expand its team [https://linkedin.com/company/carbonchain][https://www.carbonchain.com/careers].

Competitors

CarbonChain Competitors

Among CarbonChain's competitors in the carbon accounting and emissions tracking space, Persefoni stands out as a significant rival.

Persefoni, a Venture Capital-Backed company, offers a comprehensive carbon management platform that helps businesses measure, manage, and report their carbon footprint. While both companies provide solutions for tracking emissions, CarbonChain differentiates itself with its asset-level data for a vast number of commodity suppliers and a methodology validated against the GHG Protocol by SGS, focusing on supply chain emissions and CBAM compliance.

Emitwise is another key competitor to CarbonChain, also being a Venture Capital-Backed company that provides carbon accounting software.

Emitwise helps companies automate carbon reporting and reduce their environmental impact. Similar to CarbonChain, Emitwise aims to streamline the process of understanding and mitigating emissions, though CarbonChain emphasizes its AI and human-in-the-loop verification for data points and support from experts in supply chain and carbon.

SINAI (SINAI Technologies) is a Venture Capital-Backed company based in San Francisco that also competes with CarbonChain.

SINAI focuses on decarbonization strategies and helps businesses identify and implement cost-effective climate actions. While CarbonChain offers a unified workflow for various carbon requirements, including procurement and financing, SINAI's emphasis appears to be more on strategic decarbonization and modeling different climate scenarios.

Watershed is identified as a top competitor to CarbonChain in the online platform offering carbon accounting solutions space.

Watershed provides tools for businesses to measure, reduce, and report their emissions, often catering to a broad range of industries. While both companies aim to accelerate climate action through emissions tracking, CarbonChain's unique selling points include its extensive product carbon footprints delivered and CBAM declarations completed, along with its secure platform design for financial institutions and ISO27001 certification.

Alternatives

CarbonChain Alternatives

Product & Pricing

CarbonChain Product and Pricing Intelligence

CarbonChain provides a carbon accounting platform designed to help businesses, particularly manufacturers, traders, and banks, track emissions, comply with regulations, and accelerate climate action [carbonchain.com]. The platform offers various products and solutions to meet diverse carbon requirements, including Supply Chain Emissions, Corporate Carbon Footprints (CCF), and Product Carbon Footprints (PCF) [carbonchain.com]. Users can leverage carbon insights for procurement to uncover hidden supplier costs, for sales to win in low-carbon markets, and for finance to reduce the cost of financing by providing Scope 1, 2, and 3 data transparency [carbonchain.com].

CarbonChain offers several distinct product tiers, including Sustainability Essentials for Corporate Carbon Footprint (CCF) Essentials, tailored for traders and manufacturers needing to report Scope 1 and Scope 2 emissions accurately, quickly, and cost-efficiently [carbonchain.com/ccf-essentials]. For those interested in CBAM (Carbon Border Adjustment Mechanism) compliance, CarbonChain provides solutions for declarants and installations, including a CBAM Calculator [carbonchain.com]. A free trial is available for CBAM for declarants, allowing users to "try free" [carbonchain.com]. Additionally, users can sign up for a Freemium version to get access to the CarbonChain platform, which includes revealing 5 free CBAM supplier risk ratings and creating 5 free carbon quotes, with no payment required during a 14-day free trial [carbonchain.com/cbam/freemium-signup].

The platform emphasizes trustworthy data with a methodology validated against the GHG Protocol by SGS, utilizing AI and human-in-the-loop verification for every data point [carbonchain.com]. It also highlights ease of use, allowing instant benchmarking of suppliers and identification of hotspots without immediate data import, with options to import data from ERP, CTRM, Excel, and APIs for deeper analysis [carbonchain.com].

CarbonChain is designed for security, certified against ISO27001, making it suitable for handling sensitive data for financial institutions [carbonchain.com].

While specific pricing plans beyond the "free trial" and Freemium offerings are not explicitly detailed on the public-facing homepage, the mention of a "Subscription Fee" and "Subscription Metrics" in their Master Services Agreement (MSA) indicates a paid subscription model for full access to their services beyond the trial periods [carbonchain.com/legal/2025-carbonchain-msa]. The core value proposition revolves around helping businesses manage and forecast carbon costs, identify carbon hotspots, and streamline their reporting processes to meet regulatory and stakeholder demands efficiently [carbonchain.com/solutions/cost-reduction].

Hiring & Layoffs

CarbonChain Hiring and Layoffs

CarbonChain demonstrates a strong growth trajectory with consistent hiring efforts, signaling an ambitious expansion strategy to meet the rising demand for carbon accounting solutions. The company actively recruits for roles across various departments, including engineers, designers, and data scientists, to enhance its core technology and service offerings [https://www.carbonchain.com/careers]. This focus on technical and data-driven roles aligns with their mission to leverage data science and machine learning for decarbonizing supply chains [https://www.carbonchain.com/careers].

A significant indicator of CarbonChain's growth and strategic market penetration is the opening of a new office in New York City in early 2023 [https://www.carbonchain.com/blog/carbonchain-to-open-nyc-location-hiring-suite-of-new-roles]. This expansion into the North American market is accompanied by a suite of new hires, particularly exceptional sales leaders, data scientists, engineers, and carbon accountants [https://www.carbonchain.com/blog/carbonchain-to-open-nyc-location-hiring-suite-of-new-roles]. This move underscores their commitment to scaling operations and better supporting their growing customer base globally.

The company's hiring plans are directly tied to its successful funding rounds, as evidenced by their announcement in December 2022 to hire for 30 new roles following a Series A investment [https://www.carbonchain.com/blog/carbonchain-raises-10m-series-a-to-accelerate-global-decarbonization-through-carbon-accounting]. CEO and co-founder Adam Hearne emphasized that this investment would accelerate global decarbonization efforts and expand their customer reach [https://www.carbonchain.com/blog/carbonchain-raises-10m-series-a-to-accelerate-global-decarbonization-through-carbon-accounting]. While specific layoff information is not mentioned in the provided sources, the consistent announcements of new hires and office expansions indicate a period of sustained growth rather than workforce reductions.

CarbonChain's hiring patterns suggest a strategic focus on enhancing its product development, expanding its market presence, and strengthening its operational capabilities. The company is particularly interested in individuals who are passionate about accelerating the transition to a net-zero economy [https://www.carbonchain.com/careers]. Their rigorous interview process, which includes a phone screen and an in-person final round at their London office, highlights their commitment to finding top talent to support their mission of empowering climate-critical sectors [https://www.carbonchain.com/interview-process].

Leadership

CarbonChain Management and Leadership Team

CarbonChain is led by its co-founders, CEO Adam Hearne and Roheet Shah. They established the company in 2019, leveraging their extensive backgrounds in supply chains and commodities to address climate transparency in high-carbon sectors. Under their leadership, CarbonChain secured $10 million in Series A funding, co-led by Union Square Ventures (USV) and Voyager Ventures, marking a significant milestone for the company.

The company has been actively expanding its team and operations, including opening a new office in New York City in early 2023. This expansion is part of a broader recruitment drive, with plans to hire for 30 new roles to support its growing customer base and further its mission in the North American market.

CarbonChain is particularly focused on recruiting engineers, designers, data scientists, sales leaders, and carbon accountants.

CarbonChain emphasizes a blend of industry expertise, data science, and machine learning to develop its cutting-edge technology. The team includes experts from various fields, such as in-house carbon accountants and data analysts, who refine asset-level emissions data.

Jessica Boekhoff is noted as an Expert Carbon Specialist, contributing to the company's robust methodology and data accuracy.

Financials

CarbonChain Financial Performance, Fundraising, M&A

CarbonChain has demonstrated significant financial growth through its successful fundraising efforts. The company secured a $10 million Series A funding round on April 25, 2023 [carbonchain.com/blog/carbonchain-raises-10m-series-a-to-accelerate-global-decarbonization-through-carbon-accounting]. This round was co-led by Union Square Ventures and Voyager Ventures, marking a crucial milestone for the company [carbonchain.com/blog/a-letter-from-our-ceo-carbonchains-10m-series-a-funding].

The funding allows CarbonChain to expand its AI-fueled carbon accounting platform, which provides granular data for end-to-end visibility into supply chain carbon footprints [carbonchain.com/blog/carbonchain-raises-10m-series-a-to-accelerate-global-decarbonization-through-carbon-accounting]. The company's mission is to transition the world’s supply chain to a net-zero economy by providing precise accounting of emissions from commodities and products [carbonchain.com/about].

While specific revenue figures are not publicly disclosed, CarbonChain's growth is supported by its ability to offer solutions that help businesses reduce costs, comply with regulations like CBAM, differentiate through sustainability, and secure better financing terms [carbonchain.com]. The platform is designed to assist financial institutions in providing transparency regarding Scope 1, 2, and 3 emissions data, thereby enabling clients to meet sustainability criteria and potentially unlock interest rate reductions and green financing [carbonchain.com/solutions/financing].

Founded in 2018, CarbonChain is headquartered in the United Kingdom and operates in the Environmental Services industry [linkedin.com/company/carbonchain]. The company emphasizes trustworthy data and a methodology validated against the GHG Protocol by SGS, utilizing AI and human verification for data points, which contributes to its strong market position and attractiveness to investors [carbonchain.com].

Partnerships

CarbonChain Partnerships, Clients and Vendors

CarbonChain actively fosters partnerships and serves key enterprise clients to advance its mission of tracking emissions and accelerating climate action. Notable partnerships include an integration with Komgo, a leading provider of digital trade finance solutions, to embed carbon footprint calculations directly into trade finance processes CarbonChain and Komgo Partner to Integrate Carbon Footprint Calculations into Trade Finance Solutions. Additionally, CarbonChain has partnered with Quor's Fintrade platform, an advanced CTRM solution for commodities traders, enabling seamless carbon tracking throughout the trade lifecycle CarbonChain Integrates with Quor’s Fintrade CTRM for Seamless Trade Lifecycle Carbon Tracking. Another significant collaboration is with thyssenkrupp Materials Services to launch a new solution for low-carbon metals procurement, providing on-demand product carbon footprints to suppliers and customers CarbonChain and thyssenkrupp Materials Services Launch New Solution for Low-Carbon Metals Procurement.

Key enterprise clients of CarbonChain include prominent financial institutions and commodity traders.

Rabobank utilizes CarbonChain's platform to collect Scope 3 carbon data for its commodity trade finance portfolio, supporting its clients in addressing climate risk and building transparent supply chains Rabobank Case Study. Similarly, ING leverages CarbonChain's platform to provide necessary carbon insights for its commodity finance clients, aiding them in tracking and reducing emissions in logistics and trade flows How ING Aims to Support the Decarbonization of its Trade Finance Clients.

Societe Generale also uses CarbonChain to obtain supply chain emissions data for its commodity trade finance portfolio, enabling better understanding of client carbon performance and supporting their reduction journeys, notably in a collaboration with Concord Resources Limited Societe Generale Case Study.

In the trading sector, Gunvor Group engaged CarbonChain to quantify, understand, and report the carbon footprint and intensity of their commodity trading supply chains, automating their emissions tracking for ongoing reporting and improvement Gunvor Case Study. Furthermore, Clarksons, a global shipping services provider, has partnered with CarbonChain to help clients track their entire supply chain carbon footprint automatically and in real time from verified sources, preparing for the net-zero transition Clarksons CarbonChain Partnership. These partnerships and client relationships highlight CarbonChain's role in providing trusted carbon accounting solutions across various industries.

CarbonChain's partner program, accessible via their website, outlines pathways for various types of collaborators, including Consulting Partners who deliver transformation, compliance, and sustainability services Partner with CarbonChain. The company also collaborates with technology providers to enhance its offerings. An example is the partnership with ClearSky to deliver a one-stop carbon management solution, combining ClearSky’s corporate sustainability solutions with CarbonChain’s leading carbon accounting platform to accurately track, reduce, and offset greenhouse gas emissions across the commodity supply chain ClearSky and CarbonChain Partner to Deliver One-Stop Carbon Management Solution. These ecosystem relationships solidify CarbonChain's position in facilitating data-driven climate action and compliance.

Events

CarbonChain Event Participations

CarbonChain actively participates in and hosts various events to share expertise and engage with its audience, particularly through a robust webinar program. While their upcoming webinar schedule varies, the company maintains an extensive library of on-demand webinars covering critical topics related to carbon accounting and compliance [carbonchain.com/webinars]. These educational events provide valuable insights from CarbonChain experts, such as Nick Ogilvie, who has led sessions on the practical implications and cost calculations of the EU CBAM and understanding the UK CBAM [carbonchain.com/forms/eu-cbam-costs-and-practical-implications-for-impacted-businesses].

The company's webinars also delve into more specific challenges, including preparing CBAM installation data for aluminum and steel products, and a series dedicated to measuring emissions and reporting to customers for CBAM Installations [carbonchain.com/resources-hub]. Other key topics addressed in their on-demand content include preparing for EU CSRD and the Scope 3 Challenge, as well as leveraging Product Carbon Footprints for both compliance and competitive advantage [carbonchain.com/forms/prepare-for-eu-csrd-the-scope-3-challenge].

CarbonChain also provides practical guidance on how to use their platform, such as in the webinar "Preparing your July CBAM declaration for free using CarbonChain" [carbonchain.com/forms/preparing-your-july-cbam-declaration-for-free-using-carbonchain].

In addition to these focused sessions, CarbonChain uses its webinars to highlight broader industry trends and regulatory changes. They offer workshops, like the "CBAM Workshop for Manufacturers," designed to help businesses prepare their data for verification [carbonchain.com/?tpcc=nltermsheet]. Through these events, CarbonChain positions itself as a thought leader in carbon accounting, often collaborating with partners for joint research and events to further industry knowledge and best practices [carbonchain.com/partners].

Frequently Asked Questions

What is CarbonChain's strategic focus, given its hiring patterns and recent office expansion?

CarbonChain is strategically focused on ambitious expansion, particularly in the North American market, to meet rising demand for carbon accounting solutions. This is evidenced by the opening of a new New York City office in early 2023 and consistent hiring efforts for sales leaders, data scientists, engineers, and carbon accountants, supported by a recent $10 million Series A funding round.

How does CarbonChain's product strategy address key regulatory changes like CBAM and CSRD?

CarbonChain's product strategy is heavily aligned with key regulatory changes, offering dedicated solutions for CBAM (Carbon Border Adjustment Mechanism) compliance for declarants and installations, including a CBAM Calculator and free declaration tools. The company also provides resources and webinars on preparing for EU CSRD (Corporate Sustainability Reporting Directive) and leveraging Product Carbon Footprints for compliance.

What is the primary funding strategy CarbonChain has employed to fuel its growth and platform development?

CarbonChain's primary funding strategy has been venture capital, successfully raising a $10 million Series A funding round on April 25, 2023. This investment, co-led by Union Square Ventures and Voyager Ventures, is intended to expand its AI-fueled carbon accounting platform and accelerate global decarbonization efforts.

What kind of data verification and security standards does CarbonChain highlight for its platform?

CarbonChain emphasizes trustworthiness through its data verification and security standards. Its methodology has been independently verified by Bureau Veritas and validated against the GHG Protocol by SGS, utilizing AI and human-in-the-loop verification. The platform is also ISO 27001:2022 compliant, ensuring data security suitable for financial institutions.

What types of strategic partnerships has CarbonChain established to expand its market reach and solution integration?

CarbonChain has established strategic partnerships with digital trade finance providers like Komgo and CTRM solutions like Quor's Fintrade to embed carbon footprint calculations directly into financial and trading processes. It also collaborates with clients such as Rabobank, ING, Societe Generale, and Gunvor Group to integrate carbon data into their operations and trade finance portfolios, and with technology providers like ClearSky for comprehensive carbon management solutions.

How does CarbonChain position its platform to serve different functions within a client organization, beyond just sustainability teams?

CarbonChain positions its platform to serve multiple functions within a client organization. It supports procurement by uncovering hidden supplier carbon costs, assists sales teams in low-carbon markets by generating product carbon footprints, and helps finance departments secure better financing terms by providing transparent Scope 1, 2, and 3 emissions data.

What is CarbonChain's approach to engaging and educating its target audience, particularly concerning complex regulations?

CarbonChain actively engages and educates its target audience through a robust webinar program, maintaining an extensive library of on-demand webinars. These cover critical topics such as the practical implications and cost calculations of the EU CBAM, preparing CBAM installation data, and understanding EU CSRD, often featuring expert insights from their team like Nick Ogilvie.

How does CarbonChain differentiate itself from competitors like Persefoni, Emitwise, and Watershed?

CarbonChain differentiates itself from competitors through its focus on asset-level data for over 11,000 commodity suppliers, a methodology validated against the GHG Protocol by SGS, and extensive experience in delivering over 1 million product carbon footprints and 500 CBAM declarations. It also emphasizes its AI and human-in-the-loop verification process, secure platform design, and ISO27001 certification.

What is the leadership background that informs CarbonChain's strategic direction?

CarbonChain's strategic direction is informed by the co-founders, CEO Adam Hearne and Roheet Shah, who established the company in 2019. Their combined decades of experience in supply chains and commodities provide a deep understanding of the high-carbon sectors they target for climate transparency and decarbonization efforts.

Does CarbonChain offer any free or trial versions of its carbon accounting platform, and for which specific features?

Yes, CarbonChain offers a free trial for its CBAM for declarants solution and a Freemium version of its platform. The Freemium access allows users to reveal 5 free CBAM supplier risk ratings and create 5 free carbon quotes, with no payment required during a 14-day trial period.

What types of enterprises are identified as key clients for CarbonChain, based on its partnerships and case studies?

Based on its partnerships and case studies, key enterprise clients for CarbonChain include prominent financial institutions such as Rabobank, ING, and Societe Generale, which utilize the platform for commodity trade finance and Scope 3 carbon data collection. Additionally, major commodity traders like Gunvor Group and global shipping services provider Clarksons are clients, using CarbonChain for supply chain carbon footprint quantification and reporting.

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