CarbonChain

Based in London, CarbonChain develops AI-powered carbon accounting software that enables companies and financial institutions to measure, report, and reduce complex supply chain emissions. The enterprise SaaS platform specializes in providing asset-level data for Scope 3 emissions across high-impact commodity sectors, including metals, mining, agriculture, and oil and gas. Operating with a team of 16 employees, the organization has tracked approximately 400 megatonnes of carbon dioxide equivalent for its users, utilizing a database that covers over eighty percent of global greenhouse gas emissions. CarbonChain is backed by venture capital firms including Union Square Ventures and Voyager. The platform provides its automated tracking services to major corporate clients and trade finance leaders such as Societe Generale, ING, and Concord Resources. The software company was founded in 2019 by Adam Hearne and Roheet Shah.

High-Level Overview

CarbonChain is a climate tech company that automates the accounting of carbon emissions, specifically focusing on supply chains in high-emission industries such as metals, mining, oil and gas, and agriculture. Its software provides precise, asset-level emissions data, enabling companies and financial institutions to accurately measure, report, and manage their carbon footprints in near real-time. This helps users mitigate risks related to carbon taxes, regulatory compliance, and climate-related financial exposure while accelerating the transition to a net-zero economy[1][2][3][6].

For an investment firm, CarbonChain’s mission is to empower climate-critical sectors with data-driven tools to decarbonize complex supply chains. Their investment philosophy centers on backing technology that bridges sustainability with economic impact, focusing on sectors where emissions insights create the greatest business value. They have a strong impact on the startup ecosystem by advancing carbon accounting standards and enabling climate action at scale in hard-to-abate industries[2][4][6].

For a portfolio company, CarbonChain builds a SaaS platform that automates carbon emissions accounting across supply chains. It serves commodity traders, manufacturers, logistics firms, and financial institutions, solving the problem of opaque, manual, and error-prone carbon reporting. The company has demonstrated growth momentum by tracking hundreds of millions of tonnes of CO2e emissions, supporting over 1 million product carbon footprints, and completing hundreds of regulatory declarations[3][6][7].

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Origin Story

Founded in 2019 by Adam Hearne and Roheet Shah, CarbonChain emerged from the founders’ deep experience in supply chain management and mining. Adam Hearne spent 12 years in mining and 3 years managing complex supply chains at Amazon. The 2019 Australian bushfires, which threatened his childhood home, catalyzed his commitment to tackling climate change through transparency in carbon reporting. The founding team combines expertise from leading companies such as Rio Tinto, Amazon, Shell, BP, and ERM, blending supply chain, carbon accounting, and software engineering skills[2][7].

Since inception, CarbonChain has evolved from automating emissions accounting to delivering strategic carbon insights, focusing on high-impact sectors and enabling customers to benchmark, simulate carbon pricing exposure, and engage in transparent carbon dialogues. This evolution reflects a shift from compliance to carbon strategy as a business imperative[4].

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Core Differentiators

• Product Differentiators: Automated, asset-level emissions accounting with AI and human verification; methodology validated against the GHG Protocol by SGS; covers the most carbon-intensive sectors with a proprietary emissions database[1][3].
• Developer Experience: Built by experts from top firms with deep domain knowledge in commodities, carbon accounting, and supply chain management; designed for scalability and security (ISO27001 certified)[2][3].
• Speed, Pricing, Ease of Use: Rapid onboarding with streamlined data extraction; supports millions of transactions and billions of tonnes of CO2e; flexible data control with audit logs and integration capabilities[3][4].
• Community Ecosystem: Trusted by leading commodity traders, financial institutions like Societe Generale and ING, and manufacturing leaders; supports regulatory compliance and sustainability-linked financing[3][6].

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Role in the Broader Tech Landscape

CarbonChain rides the global trend of increasing regulatory and market pressure on companies to disclose and reduce Scope 3 emissions—the indirect emissions from supply chains that constitute the majority of many companies’ carbon footprints. The timing is critical as governments implement carbon border adjustment mechanisms and investors demand transparent climate risk management. Market forces favor solutions that combine data accuracy, automation, and actionable insights to reduce compliance costs and unlock decarbonization opportunities. CarbonChain influences the broader ecosystem by setting new standards for carbon accounting, enabling financial institutions to integrate climate risk into portfolios, and accelerating climate action in traditionally opaque commodity supply chains[1][2][4][6].

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Quick Take & Future Outlook

Looking ahead, CarbonChain is poised to deepen its impact by expanding beyond commodities into manufacturing, which accounts for about 80% of global emissions. The company plans to enhance its platform with benchmarking, carbon pricing simulations, and real-time reporting tools that empower users to make strategic carbon decisions. As carbon accounting shifts from a compliance necessity to a core business driver, CarbonChain’s influence is likely to grow, shaping how industries manage climate risk and pursue net-zero goals. Their continued focus on data quality, user control, and sector-specific solutions positions them well to lead in the evolving carbon tech landscape[4][6].

In sum, CarbonChain’s mission to automate and elevate carbon accounting addresses a critical bottleneck in global decarbonization efforts, making it a key enabler of the net-zero transition.