Middle East Daily
    Hot News
    Business

    e& unveils new global brand positioning inviting the world to “Go for More”

    Business

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

    Business

    Leonard Green & Partners and Berkshire Partners Portfolio Company, SRS Distribution, Enters into a Definitive Agreement to be Acquired by The Home Depot for $18.25 Billion

    Important Pages:
    • Privacy Policy
    • Terms & Conditions
    Facebook Twitter Instagram Pinterest
    • Privacy Policy
    • Terms & Conditions
    Wednesday, May 21
    Facebook Twitter
    Middle East Daily
    • Home
    • News

      MENA Effie Thought Leadership Program returns to Dubai with bold conversations on media effectiveness

      FIA PRESIDENT BEN SULAYEM NOMINATES MALCOLM WILSON OBE AS CANDIDATE FOR DEPUTY PRESIDENT FOR SPORT

      Nader Abu-Yaghi appointed Director of Healthcare Services for “Pyramids Health” and “Ability Rehabilitation Medical Center”

      Declaration on longevity and precision medicine launched at Abu Dhabi Global Health Week

      Samsung announces pre-orders for the Bespoke AI Jet Ultra, the world’s most powerful stick vacuum cleaner

    • Business

      W Motors expands operations with contract manufacturing services for global OEMs

      From Global Markets to Next-Gen Tech: SBC Summit 2025 Brings a Revamped Conference Programme to Lisbon

      Coworking spaces in luxury real estate developments driving demand in Ras Al Khaimah, according to leading developer

      Huawei Cloud TechWave Summit 2025: Accelerating Intelligence Across Industries and Amplifying Success in the Middle East & Central Asia

      SBC Summit Malta: Payments Innovation Track to Tackle Fraud, Crypto, Open Banking & More

    • Technology

      Meta AI App goes live in MENA

      CNTXT AI Unveils Munsit: The Most Accurate Arabic Speech Recognition Model

      New York City Dermatologist Brings Revolutionary Hair Loss Treatments to Dubai

      Samsung announces pre-orders for the Bespoke AI Jet Ultra, the world’s most powerful stick vacuum cleaner

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

    • Lifestyle

      Ajman Department of Tourism Development launches ‘Ride for the Community 2025’ initiative to advance sustainable community goals

      New York City Dermatologist Brings Revolutionary Hair Loss Treatments to Dubai

      Why Endless’s New Platform Is the Fashion Reset Dubai Has Been Waiting For

      Samsung announces pre-orders for the Bespoke AI Jet Ultra, the world’s most powerful stick vacuum cleaner

      UAE’s first-ever Woman Grandmaster Rouda Essa Alserkal to play the Norway Chess Open 2025

    Breaking News:
    • W Motors expands operations with contract manufacturing services for global OEMs
    • From Global Markets to Next-Gen Tech: SBC Summit 2025 Brings a Revamped Conference Programme to Lisbon
    • Coworking spaces in luxury real estate developments driving demand in Ras Al Khaimah, according to leading developer
    • Huawei Cloud TechWave Summit 2025: Accelerating Intelligence Across Industries and Amplifying Success in the Middle East & Central Asia
    • SBC Summit Malta: Payments Innovation Track to Tackle Fraud, Crypto, Open Banking & More
    • AUTONOMOUS A2Z Becomes First Korean Company to Obtain Singapore’s M1 Autonomous Vehicle License
    • MENA Effie Thought Leadership Program returns to Dubai with bold conversations on media effectiveness
    • The International Pediatric Science conference takes off
    Middle East Daily
    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

    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: [email protected]

    Phone: +971 50 740 61 77

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    Business

    W Motors expands operations with contract manufacturing services for global OEMs

    Business

    From Global Markets to Next-Gen Tech: SBC Summit 2025 Brings a Revamped Conference Programme to Lisbon

    Business

    Coworking spaces in luxury real estate developments driving demand in Ras Al Khaimah, according to leading developer

    Business

    Huawei Cloud TechWave Summit 2025: Accelerating Intelligence Across Industries and Amplifying Success in the Middle East & Central Asia

    Business

    SBC Summit Malta: Payments Innovation Track to Tackle Fraud, Crypto, Open Banking & More

    Business

    AUTONOMOUS A2Z Becomes First Korean Company to Obtain Singapore’s M1 Autonomous Vehicle License

    Business

    MENA Effie Thought Leadership Program returns to Dubai with bold conversations on media effectiveness

    Business

    The International Pediatric Science conference takes off

    Add A Comment

    Leave A Reply Cancel Reply

    Follow Us
    • Facebook
    • Twitter
    Top Posts
    Business

    ROLLS-ROYCE MOTOR CARS ABU DHABI TAKES HOME THE ‘ENGAGE’ AWARD AT THE REGIONAL DEALER CONFERENCE

    “It is with great pleasure that we present the ‘Engage’ award to Rolls-Royce Motor Cars…

    Business

    ESET releases latest APT report: China-aligned groups expand targeting; Iran advances diplomatic espionage

    ESET Research has released its latest APT Activity Report, which highlights activities of select advanced…

    Business

    Senegal to host Global Leaders, Investors at the 8th Pan African Humanitarian and Investment Summit

    The Pan African Leadership and Economic Development Centre (PALEDEC) proudly unveils Senegal as the host…

    Business

    Leonard Green & Partners and Berkshire Partners Portfolio Company, SRS Distribution, Enters into a Definitive Agreement to be Acquired by The Home Depot for $18.25 Billion

    The portfolio company of Leonard Green & Partners and Berkshire Partners, SRS Distribution (“SRS”), has entered into a…

    Business

    Cisco Showcases Simplicity, Security and AI Readiness at Cisco Live Amsterdam

    Cisco (NASDAQ: CSCO), the worldwide leader in networking and security, highlighted innovative technology, partnerships, and…

    Welcome to Middle East Daily, your daily dose of news and insights from the heart of the Middle East. Explore the latest headlines, delve into thought-provoking analysis, and engage with stories that define our region's narrative.

    Facebook Twitter
    Categories
    • Business (228)
    • Lifestyle (104)
    • News (109)
    • Technology (68)
    Top Insights
    Business

    Ericsson unveils strategy for enterprise-driven 5G network adoption

    Business

    STEM Best Practice Summit and Awards 2024: Celebrating Excellence in STEM Education

    © 2025 Middle East Daily.
    • Home
    • Privacy Policy
    • Terms & Conditions

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