Announcements

Axios: Pathways nets $2.5M to track construction emissions

Mar 15, 2024

Material emitions
Material emitions
Material emitions

Software developer Pathways has closed a $2.5 million pre-seed round, the company tells Axios.

Why it matters: The company tracks carbon emissions generated by construction materials at a time when manufacturers are under increasing pressure to meet sustainability mandates.

Context: Buildings are responsible for 39% of energy-related carbon emissions: 28% from operational emissions, from energy needed to heat, cool and power them, and the remaining 11% from materials and construction, according to a report by the World Green Building Council

Yes, but: The bulk of building emissions come not from the construction process but from making the building materials.

• As a result, construction contractors who are under pressure to meet new climate requirements are leaning on their materials suppliers to account for their emissions.

Driving the news: Pathways is developing software to automate that paperwork process for manufacturers and in turn help figure out where to reduce emissions.

• Early customers include Stella-Jones, a pressure-treated wood products supplier.

The latest: Pathways closed its pre-seed in December, led by Pi Labs and Zacua Ventures.

• Blue Lion Global, Positive Ventures, Jetstream, Refashiond, Great Wave Ventures and Anglet joined.

What's next: Pathways, based in New York, is eyeing expansion into other manufacturing sectors, such as furniture.

EPDs done better.

Empowering material manufacturers to evaluate, improve upon, and promote the environmental performance of their products.

© 2024 Pathways. All rights reserved.

EPDs done better.

Empowering material manufacturers to evaluate, improve upon, and promote the environmental performance of their products.

© 2024 Pathways. All rights reserved.

EPDs done better.

Empowering material manufacturers to evaluate, improve upon, and promote the environmental performance of their products.

© 2024 Pathways. All rights reserved.