Singapore's AirCarbon Exchange looks to raise $50m in Series B funding

Singapore's AirCarbon Exchange looks to raise $50m in Series B funding

AirCarbon founders Thomas McMahon (left) and William Pazos.

Carbon trading exchange and clearing house AirCarbon Exchange (ACX) is looking to raise $50 million in its upcoming Series B round that is expected to close in end-March or early-April next year, a top executive of the firm told DealStreetAsia.

The round has already piqued the interest of 17 parties including banks, financial institutions, and traditional energy players, said ACX’s co-founder and chief emmissions officer Thomas McMahon. Existing investors are also likely to re-up in the round, McMahon added, without divulging names.

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