Marc Gendebien, Managing Partner at Expon Capital, noted that ClimateCamp's platform simplifies supplier engagement for carbon tracking, aiding companies in achieving their sustainability goals.

With the new funds, ClimateCamp aims to accelerate its expansion, recognizing that over 85% of emissions for most businesses originate from their value chain.

Stijn Gysemans, co-founder and CEO, expressed a vision to connect 1 million companies by 2030 to collaborate on climate targets and action plans.

Initially focused on the brewing industry, ClimateCamp has broadened its services to encompass other food manufacturers and packaging sectors.

This new capital will enable ClimateCamp to address Scope 3 emissions, a significant challenge in sustainability, by enhancing its scalable AI-powered platform.

The funding round attracted contributions from both private equity and governmental entities, including VLAIO and Luxembourg’s Ministry of the Economy.

The company utilizes AI to automate sustainability data processing while engaging suppliers through personal calls to ensure the quality of the data collected.

Effective emissions reduction hinges on collaboration with suppliers for measuring emissions, setting goals, and planning reductions, as endorsed by the Science-Based Targets initiative (SBTi).

Founded in 2022 by Stijn Gysemans, Vitalie Schipou, Laurent Moyersoen, and Ruben Pelckmans, ClimateCamp aims to build networks among suppliers, customers, and partners for collective emissions reduction.

Antwerp-based ClimateCamp, a climate tech startup, has successfully raised €3.5 million in a seed funding round led by Expon Capital.

The startup has experienced rapid growth, currently supporting over 800 companies, with an ambitious target of reaching 2,000 by the end of 2025.