France-based, Carbo has developed a carbon accounting tool. Founded in 2020 by Simon Létourneau (CEO) & Julien Jason (COO), the startup initially launched a free tool for individuals (<50,000 users) to assess the carbon footprint of their daily expenses. A more comprehensive tool for companies was released shortly thereafter, with subscriptions ranging €960-€4,800 p.a. (based on their size). On that note, Carbo focuses on the SME market (>500 employees) for which carbon accounting is not (yet) mandatory, but will surely be extended to in the future; case in point, large firms increasingly require their subcontractors to report the said (e.g. SNCF). The company currently works with approx. 400 companies – including Back Market, Lunii, Malt, Izipizi, Balzac Paris, Alan – but intends to grow this to 5,000 by 2024 <hot take: the startup was recently approached by La Banque Postale & Société Générale to reach their customers base>. Objectives, which are accompanied by recruitment; the company plans to expand its workforce from 30 to 50 this year. Side note: climate fintech is one of the fastest growing areas of climate tech more broadly & carbon accounting one of the fastest growing sectors therein; as a result, nearly every European country has a champion(s); in France, Carbo competes against Sweep (€100m) & Greenly (€25m). <Source: maddyness.com, frenchweb.fr, usine-digital.fr>
