Alcove

Positioned at the intersection of climate technology and enterprise software, Alcove Inc. provides a data management platform specifically engineered for the carbon removal and decarbonization industry. The company was established in New York City in 2022 by Co-CEOs Mars Garza and Marley Rafson. Garza's professional background is in venture capital, with a focus on climate technology at XYZ Venture Capital, while Rafson brings engineering experience from his time at Google. Their combined expertise was applied after speaking with nearly 200 companies in the sector to identify critical software gaps.

Alcove's core business revolves around providing a software-as-a-service (SaaS) platform that functions as a system of record for companies developing carbon reduction and removal projects. The platform is designed to replace manual, siloed processes with a centralized, traceable system for managing carbon credit inventories. Clients, which are primarily the developers and suppliers of decarbonization technologies, use the software to streamline compliance with various methodologies, manage project data for digital monitoring, reporting, and verification (dMRV), and automate life-cycle assessments. Revenue is generated through subscriptions to the platform. The service helps clients save time and reduce costs associated with audits and consultant fees by packaging data for auditors, buyers, and government agencies.

The company's product offers a suite of tools for the entire carbon credit lifecycle. This includes inventory management for different credit types, order management to handle complex sales like forward purchases, and buyer portals to enhance transparency. A significant milestone was the February 2023 announcement of its emergence from stealth, coupled with a $3 million seed funding round led by Seven Seven Six and XYZ Venture Capital. To date, Alcove has raised a total of $5.97 million and its platform manages over 50 million tons of CO2e. It also integrates with over 20 other platforms, including CRM systems, accounting software, and carbon registries like Puro.earth, and notably launched the first carbon-specific application on the Shopify platform to facilitate direct credit sales.

Keywords: carbon credit management, decarbonization software, climate tech, carbon removal, carbon accounting, dMRV, life cycle assessment, carbon data management, carbon project developers, carbon credit inventory, compliance software, environmental services, carbon markets, CO2 removal, climate finance, enterprise software, venture capital, sustainability reporting, greentech, carbon credit commercialization, Puro.earth integration, Shopify carbon credits, Mars Garza, Marley Rafson, Seven Seven Six, XYZ Venture Capital