CarbonHQ

CarbonHQ, founded in Sydney, Australia in 2022 by Allen Fan and Eugene Datsky, provides a Software-as-a-Service (SaaS) platform designed for the management of carbon projects. The company was established to address inefficiencies within the voluntary carbon market, a sector experiencing approximately 30% annual growth since 2015. Co-founder Allen Fan's direct experience as a carbon project developer, where he managed global teams using spreadsheets and emails, highlighted the need for a more streamlined system. This experience, coupled with Eugene Datsky's nearly two decades leading engineering teams at companies like Canva and JetBrains, formed the foundation of CarbonHQ.

The firm targets the estimated $3 billion voluntary carbon market by offering a platform that centralizes project information, which is often scattered across various formats like spreadsheets and emails. Its clients are carbon project developers who work with landowners and organizations on initiatives such as nature-based solutions, renewable energy projects, and cookstove projects to generate carbon credits. CarbonHQ's business model is subscription-based, providing a purpose-built tool that some clients have found to be a more cost-effective alternative to platforms like Salesforce, with one customer noting a 50% reduction in platform costs.

The platform offers several key features to streamline operations for carbon credit producers. It provides a centralized database for project data, with capabilities to merge information from various sources and automate data validation for audit-ready reporting. A digital Monitoring, Reporting, and Verification (dMRV) function is designed to reduce verification times and accelerate the issuance of carbon credits. The software also includes tools for managing credit inventories, tracking sales contracts, and forecasting issuance pipelines to prevent missed delivery deadlines. Since launching its beta platform in mid-2023, CarbonHQ has conducted trial projects with developers globally and secured $600,000 in a pre-seed funding round in February 2024, with backing from Galileo Ventures and Investible.

Keywords: carbon project management, voluntary carbon market, carbon credit software, SaaS, digital MRV, carbon accounting, climate tech, carbon project developers, emissions reduction, carbon credit issuance, project data management, carbon credit inventory, compliance reporting, environmental impact, nature-based solutions, renewable projects, cookstove projects, carbon finance, decarbonization, carbon modelling, Galileo Ventures, Investible