Sesame Sustainability, a Boston, MA-based climate tech software startup focused on industrial decarbonization, has raised $2.4 million in seed funding.
Investors
The round was led by Flybridge and Powerhouse Ventures.
Flybridge is a Seed-stage venture capital firm based in Boston and New York City, investing in ambitious founders leveraging the power of AI. With over $1 billion under management across six seed funds and seven pre-seed funds.
Founded in 2014, Powerhouse Ventures is a venture capital firm based in Singapore. The firm supports early-stage companies in high-growth sectors, including technology, consumer tech, enterprise tech, and mobile internet, with a significant investment focus in India, the United States, and Singapore.
Sesame Sustainability Use of Funds
The company will use the funding to accelerate the development and release of the first comprehensive industrial decarbonization software platform.
About Sesame Sustainability
Founded in 2023 by Emre Gençer, Jim Owens, and Paul Sizaire, Sesame Sustainability originated as a spinoff from the Massachusetts Institute of Technology (MIT). The company specializes in providing techno-economic and lifecycle analysis tools tailored for heavy industries. Their decarbonization platform integrates emissions modeling and system optimization, combining plant-level data with curated databases to evaluate technologies like hydrogen and electrification. Sesame enables rapid analysis across enterprises, supporting robust investment strategies for industrial decarbonization.
Funding Details
Company: Sesame Sustainability, Inc.
Raised: $2.4M
Round: Seed Round
Funding Month: June 2024
Lead Investor: Flybridge, Powerhouse Ventures
Additional Investors:
Company Website: https://sesamesustainability.com/
Software Category: Industrial Decarbonization Platform
Source: https://sesamesustainability.com/sesame-sustainability-launches-software-platform-to-reduce-heavy-industrys-co%e2%82%82-emissions/