Carbonetworks raises $5M for emissions tracking software

Carbonetworks, a software company making a product that can help track and manage greenhouse gas emissions for corporations, has taken a first funding round of $5 million.

The company’s software suite, aimed at companies of any size, is designed with an eye toward compliance with regulatory requirements, which are expected to be instituted in coming years. It also maintains a “marketplace” to help find and buy carbon offsets.

The funding was provided by NGEN Partners. Carbonetworks is based in British Columbia, Canada.