Saudi JournalSaudi Journal
  • Home
  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Business

Intelmatix named 2025 Technology Pioneer by the World Economic Forum

…

Business

flyadeal and AlFursan launch miles partnership for seamless earning and redemption

…

Al Baraka Group: Empowering customers through trade finance platform and diversified network

PARAGON Developments launches Saudi Arabia office in Riyadh, strengthening regional footprint across MENA

Facebook Twitter Instagram Pinterest
Latest posts:
  • Intelmatix named 2025 Technology Pioneer by the World Economic Forum
  • flyadeal and AlFursan launch miles partnership for seamless earning and redemption
  • Al Baraka Group: Empowering customers through trade finance platform and diversified network
  • PARAGON Developments launches Saudi Arabia office in Riyadh, strengthening regional footprint across MENA
  • Al Jabr Trading Company supports hands-on EV training at Wadi Al-Dawasir Technical Institute
  • ASICS Launches Innovation Pitch in Saudi Arabia to Empower Sports Participation Through Digital Innovation
  • Maroc Telecom and IFC partner through €370mln in loans to boost digital connectivity in Africa
  • NBA superstar and international businessman Kevin Durant partners with Qatar Sports Investments
Facebook Twitter Instagram Pinterest
Saudi JournalSaudi Journal
  • Home

    Intelmatix named 2025 Technology Pioneer by the World Economic Forum

    flyadeal and AlFursan launch miles partnership for seamless earning and redemption

    Al Baraka Group: Empowering customers through trade finance platform and diversified network

    PARAGON Developments launches Saudi Arabia office in Riyadh, strengthening regional footprint across MENA

    Al Jabr Trading Company supports hands-on EV training at Wadi Al-Dawasir Technical Institute

  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Saudi JournalSaudi Journal
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 LinkedIn WhatsApp
Share
Facebook Twitter LinkedIn 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: ef************@***al.li

Phone: +971 50 740 61 77

Share. Facebook Twitter Pinterest LinkedIn WhatsApp

Related Posts

Business

Intelmatix named 2025 Technology Pioneer by the World Economic Forum

Business

flyadeal and AlFursan launch miles partnership for seamless earning and redemption

Business

Al Baraka Group: Empowering customers through trade finance platform and diversified network

Business

PARAGON Developments launches Saudi Arabia office in Riyadh, strengthening regional footprint across MENA

Business

Al Jabr Trading Company supports hands-on EV training at Wadi Al-Dawasir Technical Institute

Life

ASICS Launches Innovation Pitch in Saudi Arabia to Empower Sports Participation Through Digital Innovation

Business

Maroc Telecom and IFC partner through €370mln in loans to boost digital connectivity in Africa

Business

NBA superstar and international businessman Kevin Durant partners with Qatar Sports Investments

Stay In Touch
  • Facebook
  • Twitter
Business

Intelmatix named 2025 Technology Pioneer by the World Economic Forum

Riyadh: The World Economic Forum (WEF) has named today Intelmatix, a global deep-tech company specializing in…

flyadeal and AlFursan launch miles partnership for seamless earning and redemption

Al Baraka Group: Empowering customers through trade finance platform and diversified network

PARAGON Developments launches Saudi Arabia office in Riyadh, strengthening regional footprint across MENA

Al Jabr Trading Company supports hands-on EV training at Wadi Al-Dawasir Technical Institute

Intelmatix named 2025 Technology Pioneer by the World Economic Forum

flyadeal and AlFursan launch miles partnership for seamless earning and redemption

Al Baraka Group: Empowering customers through trade finance platform and diversified network

PARAGON Developments launches Saudi Arabia office in Riyadh, strengthening regional footprint across MENA

Al Jabr Trading Company supports hands-on EV training at Wadi Al-Dawasir Technical Institute

Stay informed with Saudi Journal, your trusted source for comprehensive coverage of news, events, and insights from Saudi Arabia and beyond. Explore diverse perspectives, stay updated, and engage with the latest stories shaping our world. Experience news like never before with Saudi Journal.

Facebook Twitter
Categories
  • Business (329)
  • Life (115)
  • Saudi Arabia (74)
  • Technology (68)
  • Uncategorized (1)
  • World (54)
    • Africa (10)
    • Asia (25)
    • Europe (4)
    • US (3)
Our Picks
Business

BuyAnyAutoPart secures $750,000 pre-Seed

Business

ERide Jo Launches as Jordan’s First eco-friendly Transportation Company

Life

Samsung 2024 Neo QLED and QLED TVs Receive Industry-First Picture Quality Excellence Certifications From VDE

© 2025 Saudi Journal.
  • Home
  • Saudi Arabia
  • Business
  • Technology
  • Life
  • English
  • العربية

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