Climate Action Company NetNada that measures and reports carbon footprint for SMEs has raised $200,000 in Seed funding from Skalata Ventures
NetNada’s uses AI to automatically assess a company’s data and identify the impact of expenditure on the environment, then suggests the best ways to reduce impact, while also identifying cost savings and automating communications with stakeholders.
Founders Lochie Burke and Afonso Firm wanted to make it super easy for SMEs to act sustainably and make it as important as doing your tax return
Lochie says that business owners want to do the right thing and measure sustainability but don’t know how ! Offsetting carbon, cleaning up supply chains, and searching for green solutions amidst the greenwashing is a minefield for non-experts.”
You can only manage what you measure
NetNada received an MVP Grant from the NSW Government, and also took part in the UNSW Founders and CSIRO ON programs.
David Burt, who ran the ON program before going on to become Director of Entrepreneurship at UNSW, has joined NetNada as an advisor.
Skalata co-founder Darrell Wade is excited about investing as he sees that carbon accounting will become an essential part of a company’s reporting framework, and Netnada can help them do this.
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