Latest fashion industry deals

Date: April 2024
Buyer: Alven
Target: Carbonfact
Business: Carbon management and reporting tool
Value: $15million
Details: Carbonfact, a carbon management and regulator reporting tool for fashion businesses based in Paris, has completed a $15m Seed A funding round led by existing investor, Alven (a backer of French fashion brand, Sézane), with Y Combinator and Headline joining as co-investors. Carbonfact helps fashion brands to fulfil their regulatory reporting obligations by automating the collection of emissions data required for making these reports, as well as automating the report submission process itself - in turn, helping brands to measure and reduce the emissions generated by their products. The fashion industry generates up to 10% of annual global carbon emissions, and Carbonfact’s goal is to de-carbonise the fashion industry by helping brands identify ways in which to reduce their own carbon emissions. Notable Carbonfact customers include Carhartt, Maison Maes, Columbia and New Balance.




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