AirCarbon Pte. Ltd.
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AirCarbon Pte. Ltd. - overview
Established
2019
Location
Singapore, -, Singapore
Primary Industry
Financial Services
About
Based in Singapore, and founded in 2019 by Thomas McMahon (CEO) and William Pazos, AirCarbon Pte. Ltd. also known as AirCarbon Exchange also known as ACX is a global exchange platform that aims to change the voluntary carbon market. In March 2022, AirCarbon Pte.
Ltd. raised USD 5 million in venture funding led by new investor Deutsche Börse AG. The company serves the client base of corporate entities, financial traders, carbon project developers, and other industry stakeholders. AirCarbon Pte.
Ltd. is a company that offers digital exchange which aims to eliminate market friction in a carbon-constrained economy. The company provides real-time settlement and transparent pricing offers to securitize carbon credits into fungible and tradable securities. The company applies traditional commodities like corn, soybean, and crude oil exchange architecture to carbon credits.
Additionally, the firm has various AirCarbon Tokens like AirCarbon Sustainable Development Token (SDT), AirCarbon Renewable Energy Token (RET) and many more and these tokens represent the carbon emission unit generated by respective sources. The company intends to use the March 2022 funding to accelerate the development and scaling of the voluntary carbon markets.
Current Investors
Mubadala Investment Company, Deutsche Börse AG, Abaxx Technologies
Primary Industry
Financial Services
Sub Industries
Financial Services, Accounting/Finance Software
Website
www.aircarbon.co
Verticals
FinTech
Total Amount Raised
Subscriber access only
AirCarbon Pte. Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct, Trade Sale | Completed | AirCarbon Pte. Ltd. | - |
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