Aug 01, 2022 04:35 PM (GMT+8) · EqualOcean
China's first carbon management software and consulting solution provider, Carbonstop (Chinese: 碳阻迹) announced today the completion of a Series B financing round of CNY 100 million led by Sequoia China, with additional funding from its old shareholders, GL Ventures and Matrix Partners. Founded in 2011, Carbonstop is a technology-, data- and product-driven company that promotes carbon emission calculation, management, emission reduction and ultimately carbon neutrality for enterprises in various industries. Over the past five years, Carbonstop's business has grown at a rapid pace, with a compound annual growth rate of over 100%. In the first half of 2022, its business grew nearly three times year-on-year, highlighting its business resilience.