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Carbonetworks to Raise $5 million for Marketing, Sales of Carbon Management Software Package


Software maker , which brings state-of the-art software for the carbon trading industry, is going to raise around $5 million with the help of NGEN Partners, a clean-tech company.

The carbon management software that Carbonetworks has made is a comprehensive package that lets you calculate your organizations GHG emissions and . In addition, the software also connects you to a wide network that comprises of carbon offsetters, analysts, carbon traders and other carbon industry people.

The best thing about this software is that it allows users to create their own customized applications and when they want to manage their carbon by offsetting emissions or selling credits, this from the wide network it has.   

Around 50% of Carbonetworks clients are from North America whereas the rest come from Europe and Middle East. At the moment, around $3 million have been raised and the company intends to use the money for marketing and sales.

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