Close Menu
TheKhaleejPost
    What's Hot
    Culture

    Ramadan in Japan and the UAE: A Culinary Fusion at Sumo Sushi & Bento

    Business

    Al Madinah Ventures launches to unlock untapped potential of the city

    Business

    Saudi fintech RasMal closes $4.8 million pre-Series A

    Important Pages:
    • Home
    • Privacy Policy
    • Terms & Conditions
    Facebook X (Twitter) Instagram Pinterest
    Facebook X (Twitter) Instagram Pinterest
    TheKhaleejPost
    • Home
    • Technology

      Terra Drone and Aramco Forge Strategic MOU to Advance Drone Innovation and Localization in Saudi Arabia

      Panasonic AG-CX370 4K Camcorder enhances mobility for IP-based live productions

      Ericsson announces changes to the Executive Team and to the Market Area structure

      CNTXT AI Launches TestAI: The GCC’s First AI Readiness Platform to ensure trustworthy and scalable AI Voice Agents

      A1RWATER and Umm Al Emarat Park Partner to Advance UAE’s Sustainability Goals with Innovative Air-to-Water Technology

    • Business

      Innovative Startups and SMEs Fund (ISSF) Invests USD 3 Million in Antler MENAP Fund

      Abu Dhabi’s arbitrateAD recognised by the GAR Awards in Paris

      ESET Recognized as Finalist in SC Awards for Cutting-Edge Ransomware Remediation

      Amazon Web Services (AWS) collaborate with Manara develop cloud talent across MENA

      Pearson Launches Smart Lesson Generator: AI-Powered Innovation to Transform Lesson Prep for Educators

    • Submit A Press Release
    TheKhaleejPost
    Home » Coral Announces Closure of Seed Round Funding, Raising $3 Million to Transform Carbon Emission Management
    Business

    Coral Announces Closure of Seed Round Funding, Raising $3 Million to Transform Carbon Emission Management

    Facebook Twitter Pinterest WhatsApp
    Share
    Facebook Twitter Pinterest WhatsApp

    Dubai, UAE — 24 September 2024 — Coral, a UAE-based pioneering climate tech startup specializing in carbon emission management and offsetting solutions, announced today the successful closure of its seed round, securing $3 million in funding. The round was led by a group of seasoned tech investors with a cumulative 40 years of experience in the sector.

    Innovative Solutions for a Sustainable Future

    Coral offers a comprehensive, AI-driven platform that facilitates and automates carbon data collection, footprint evaluation, reporting, and offsetting in a single system, providing businesses with a streamlined solution to manage their carbon emissions. The platform also offers e-commerce businesses the ability to integrate a one-click offset integration in their checkout pages, which provides their customers the sustainable shopping experience they desire. Coral’s blockchain backend also allows full lifecycle traceability of carbon credits and real-time auditability of offsets to ensure quality and transparency.

    “We’re thrilled to have completed our seed round and are grateful for the support from our investors who share our vision for a sustainable future,” said Daniele Sileri, Director of Product and Strategy at Coral. “This funding will enable us to scale our platform, expand our team, and accelerate our mission to make carbon neutrality accessible and transparent for businesses worldwide.”

    Strategic Partnerships and Market Positioning

    Coral has already established key partnerships, including a significant collaboration with Nissan, where the company has been providing carbon footprint calculations and offsetting solutions since last year for their Formula E team. Coral’s Emissions Management System (EMS) is already live for several other clients and currently onboarding major corporate customers and ecosystem players, including partnerships with international climate organizations.

    “Our platform differentiates itself by not just talking about AI and blockchain as trendy topics, but by effectively implementing them as core components of Coral’s EMS Platform that truly enhance the customer journey. We’re proud to demonstrate how these advanced technologies can be seamlessly integrated to simplify data collection, analysis, and reporting; offering real value to our users,” added Juergen Hoebarth, Director of Operations and Research. “With the carbon market expected to grow exponentially by 2030, we’re in a prime position to make a significant impact, helping organizations achieve their sustainability goals. Following our recent funding, Coral plans to expand its operations by opening a new office in Abu Dhabi and further growing our team of experts to reach a broader customer base and scale up operations.”

    About Coral

    Coral, a UAE-based tech company, is revolutionizing carbon emissions management for businesses. Our AI-powered carbon accounting software simplifies the complex processes of emissions tracking, reducing the time required by up to 95% and minimizing the dependence on costly external consultants. Enhanced data collection and transparent reporting empower better climate action decisions. The platform also features one-click carbon offsetting with expert-curated credits offering complete traceability and a secure audit train via blockchain, ensuring peace of mind in climate disclosures. Additionally, our Carbon Offset API enables companies to seamlessly integrate real-time carbon offsetting into their e-commerce platforms across various industries, such as delivery, tourism, and utilities. With offices in Dubai and soon Abu Dhabi, and extended network all around the world, we’re committed to making sustainable practices accessible and efficient for all.

    Contact

    Eftal EFECINAR

    Chief Strategy and Partnership Officer

    E-mail: [email protected]

    Phone: +971 50 740 61 77

    Share. Facebook Twitter Pinterest WhatsApp
    Previous ArticleCanada Introduces New Reforms to Strengthen Temporary Residence Programs
    Next Article Discover the Secret Ingredient that Transforms Leaders into Icons

    Related Posts

    Business

    Innovative Startups and SMEs Fund (ISSF) Invests USD 3 Million in Antler MENAP Fund

    Culture

    Earth Day Mangrove Planting with EEG & UAQ Municipality

    Culture

    A.R.M. Holding Children’s Programme launches fifth edition on World Creativity and Innovation Day

    Business

    Abu Dhabi’s arbitrateAD recognised by the GAR Awards in Paris

    Culture

    Celebrate Easter Magic at Bahi Ajman Palace Hotel

    Business

    ESET Recognized as Finalist in SC Awards for Cutting-Edge Ransomware Remediation

    Business

    Amazon Web Services (AWS) collaborate with Manara develop cloud talent across MENA

    News

    Ben Sulayem says Saudi Arabia has played major part in giving Arab world long-term F1 future

    Add A Comment
    Leave A Reply Cancel Reply

    Stay In Touch
    • Facebook
    • Twitter
    Top Picks
    Business

    Sharjah: Safeguarding Culture And Heritage While Embracing Environmental Responsibility

    Oxford Business Group, in collaboration with the Sharjah Commerce and Tourism Development Authority (SCTDA), presents…

    PVH Reinforces Commitment to Enhanced Security in Solar Tracking Systems

    DaveAI Introduces ‘Zohra’: A Virtual Avatar Powered by Advanced AI for the Middle East

    Elm Showcases Key Innovative Solutions at GITEX Africa 2024

    Drug Force: A Gripping Tale Unveiling the talented writer Larry Hussey’s Journey

    Stay ahead with TheKhaleejPost, your premier destination for breaking news, analysis, and in-depth coverage across the Gulf region and beyond. Discover diverse viewpoints, stay informed, and delve into the stories shaping our communities and world.

    Facebook X (Twitter)
    Categories
    • Business (263)
      • Career (1)
      • Management (5)
      • Startup (10)
    • Culture (63)
    • Entertainment (29)
      • Celebrity (3)
      • Movies (2)
      • TV Shows (1)
    • News (62)
    • Politics (12)
    • Technology (56)
      • Phones (2)
      • Science (1)
    • Videos (10)
    Our Picks
    News

    VC Wear Expands Its Luxury Sportswear Line to New Sports with Innovative Product Range

    Business

    Global Critical Communications Leader Hytera Celebrates 10th Anniversary for Subsidiary in UAE

    Business

    Speakers confirmed for TACC Climate Change Conference

    © 2025 TheKhaleejPost.
    • Home
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.