25 Mar CLIMATECAMP RAISES €3.5 MILLION IN SEED ROUND LED BY EXPON CAPITAL TO ACCELERATE SCOPE 3 EMISSIONS REDUCTION
ClimateCamp, a platform aimed at helping companies reduce Scope 3 emissions through AI-driven automation, has secured €3,5 million in a seed funding round. This round was led by Expon Capital, with participation from VLAIO, Luxembourg’s Ministry of the Economy, KBC, PMV, and Birdhouse Ventures. The funding will accelerate the development of the platform, support its expansion, and grow the team.
Leveraging collaboration to accelerate emissions reduction
Founded in 2022, ClimateCamp has experienced rapid growth and currently supports over 800 companies actively sharing data on the platform, with a goal of reaching 2.000 by the end of the year. For most businesses, over 85% of emissions come from their value chain, making supplier collaboration essential. To drive effective reductions, companies must engage suppliers in calculating emissions, setting targets, and implementing reduction strategies—a principle echoed by the Science-Based Targets initiative (SBTi). A clear focus on supplier engagement and collaborative decarbonization is exactly what sets ClimateCamp apart from industry peers.
ClimateCamp empowers its customers to build networks of suppliers, customers, and partners, facilitating collective action that surpasses what any single company can achieve alone. Its platform utilizes AI to automate data preloading and processing while ensuring quality through a personal 30-minute onboarding call with each supplier.
A shifting regulatory and political climate surrounding climate action
ClimateCamp is currently gaining momentum to scale, but the path ahead is intricate. While EU legislators contemplate rolling back CSRD requirements and the U.S. reevaluates global climate commitments, the sustainability movement is evolving from compliance-focused reporting to actual emissions reduction, an area where ClimateCamp is poised to lead.
Despite evolving regulations, the demand for carbon footprint calculation and tangible action is increasing. While reporting rules mostly apply to large enterprises, the ripple effects of CSRD, SBTi, green financing, and carbon pricing mechanisms such as ETS and CBAM extend across supply chains. ClimateCamp assists companies in transforming that pressure into progress.
“We’re investing in ClimateCamp because tackling Scope 3 emissions is one of the biggest challenges in sustainability, and they’ve built a smart, scalable way to solve it. Their platform gets suppliers on board quickly, makes carbon tracking easier, and helps companies turn sustainability goals into real action. We’re excited to support their journey with the Digital Tech Fund”
Marc Gendebien, Managing partner Expon Capital
“ClimateCamp is the best platform to engage with suppliers at scale—our goal is to bring 1 million companies together by 2030 to collaborate on climate targets, joint action plans, and real emissions reductions.“ Stijn Gysemans, co-founder & CEO of ClimateCamp
ClimateCamp was founded by Stijn Gysemans, Vitalie Schiopu, Laurent Moyersoen and Ruben Pelckmans. Today, ClimateCamp has grown into a team of over 18 employees, operating across Belgium and Luxembourg.
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