Aditya Hadi Pratama · · 1 min readGo-Ventures co-leads $4.5m seed funding for Indonesian greentech firm
Fairatmos, an Indonesia-based greentech firm, has raised US$4.5 million in a seed funding round led by Go-Ventures, which is backed by GoTo Group, and Kreasi Terbarukan TBS, the investment arm of local energy company Toba Bara Sejahtra. Vertex Ventures Southeast Asia and India also participated in the round.
Fairatmos team / Photo credit: Fairatmos
Founded earlier this year, Fairatmos helps companies reduce their environmental risk by providing a carbon calculator, carbon credit marketplace, and access to experts. It also connects new environmental projects with institutional and individual investors.
The firm said that it has worked with more than 40 project developers that handle carbon sequestration efforts in Indonesia.
The company was founded by former TaniHub chief strategy and social impact officer Natalia Rialucky. Its early team also includes former McKinsey consultant Fredric Tanuwijoyo, ex-Traveloka product manager Desy Nurmala, Sirclo co-founder Fajar Firdaus, former Systemiq executive Aruna Pradipta, and ex-Schlange, Zamostny & Co. consultant Karida Niode.
Fairatmos plans to use the fresh funding for product development, marketing, and hiring purposes.
See also: These are the most active investors in Indonesia’s startups
Editing by Miguel Cordon and Lorenzo Kyle Subido
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