Tset Closes €12.7 Million in Series A

Tset Closes €12.7 Million in Series A

Tset, a Vienna, Austria-based carbon accounting software startup, has closed €12.7 million in Series A funding round.

The round saw participation from investors like Carbon Removal Partners, Brose Ventures, and Ingenics Holding.

The company will use the funding to expand its market reach and enhance its product offerings.

Founded in 2018 by Andreas Tsetinis and Sasan Hashemi, Tset is a global software provider specializing in enterprise-wide product cost and emissions calculations for industrial goods. The company offers a cloud-based Software as a Service (SaaS) platform that provides real-time insights into the impact of design changes on product cost and carbon footprint. The software can be utilized from the early development phase through to series production, allowing continuous optimization of product development, production, and procurement processes. Tset serves major industrial clients, including AGCO, Brose, Lego, Thyssenkrupp, ZF, and the BMW Group.

Funding Details

Company: Tset Software GmbH

Raised: €12.7 M

Round: Series A

Funding Month: July 2024

Investors: Carbon Removal Partners, Brose Ventures, Ingenics Holding

Company Website: https://tset.com/

Software Category: Carbon Accounting