Antwerp-based ClimateCamp secures €3.5M to tackle Scope 3 Emissions with AI-powered platform

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

Expon Capital is a venture capital firm that provides seed & scale-up funding to build high-impact, tech-driven companies.

“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,” says Marc Gendebien, Managing partner of Expon Capital.

The funding round was also backed by a mix of private equity and governmental grants from VLAIO, Luxembourg’s Ministry of the Economy, KBC, PMV, and Birdhouse Ventures.

The Belgian company will use the funds to accelerate its expansion.

Most businesses get over 85 per cent of their emissions from their value chain, so working with suppliers is crucial.

To reduce emissions effectively, companies must include suppliers in measuring emissions, setting goals, and creating reduction plans.

This idea is supported by the Science-Based Targets initiative (SBTi).

ClimateCamp: Accelerating Scope 3 emissions reduction

ClimateCamp was founded in 2022 by Stijn Gysemans, Vitalie Schipou, Laurent Moyersoen, and Ruben Pelckmans.

The company enables its customers to build a network of suppliers, customers, and partners—enabling collective action for emissions reduction.

Using AI, they automate the pre-loading and processing of sustainability data, while also ensuring quality by having their team personally engage each supplier in a 30-minute call.

The company has experienced rapid growth and currently supports over 800 companies actively sharing data on the platform, and a goal to hit 2000 by the end of the year.

ClimateCamp started out by focusing on reducing emissions in the brewing industry, but rapidly evolved to serve adjacent sectors such as other food manufacturers and packaging companies.

“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,“ says Stijn Gysemans, co-founder & CEO of ClimateCamp.