Avarni is a technology company.
Avarni has raised $2.0M across 1 funding round.
Avarni has raised $2.0M in total across 1 funding round.
Avarni has raised $2.0M in total across 1 funding round.
Avarni's investors include Grit Ventures, Main Sequence Ventures, Morpheus Ventures, The Valley Fund, AfterWork Ventures.
Avarni is an Australian carbon accounting software company that provides AI-driven tools to help finance, compliance, and sustainability teams measure Scope 1-3 emissions, streamline reporting, and achieve net-zero goals, particularly for Australian Sustainability Reporting Standards (ASRS) compliance.[1][2][3][5] It serves enterprises, consultants, and organizations like Schneider Electric, KPMG, Jacobs, and City of London by automating complex supply chain (Scope 3) emissions tracking—where over 80% of a company's carbon footprint often resides—using financial data, supplier networks, and machine learning to turn months of manual work into days.[1][2][3] With backing from investors like Main Sequence Ventures, Avarni has processed data for 6,000 companies, $54 trillion in spend, and over 311,000 suppliers, showing strong growth in the sustainability tech space.[1][3]
Avarni was founded in early 2021 by Misha Cajic and Anuj Paudel, engineers with prior entrepreneurial experience at Atlassian and Macquarie Telecom Group.[1][5] Drawing from their hands-on work at these leading organizations, they identified the pain of manual emissions tracking—especially Scope 3 supply chain emissions—and built an intuitive AI platform to automate it.[1] Early traction came from leveraging a global supplier network and AI to process complex corporate data, quickly gaining adoption among Australian enterprises facing new regulatory pressures like ASRS, with pivotal partnerships forming with firms like Schneider Electric and Jacobs.[1][2][3]
Avarni rides the wave of mandatory climate disclosures and net-zero mandates, like Australia's ASRS for Groups 1-3 entities, amid global pressure where investors and consumers demand supply chain accountability—yet 80% of emissions remain unmeasured due to complexity.[1][3][5] Timing is ideal as regulations tighten (e.g., ISSB standards) and enterprises shift from commitments to action, with market forces like rising consultant costs and data silos favoring automated platforms.[2][5] It influences the ecosystem by building comprehensive Scope 3 datasets, enabling faster decarbonization pathways, and partnering with tech giants like AWS and Schneider Electric to scale sustainability tech in Australia and beyond.[2][3][4]
Avarni is poised for expansion as ASRS enforcement ramps up and global Scope 3 rules proliferate, potentially capturing more of the $473 billion in analyzed spend through deeper enterprise integrations and international growth.[3] Trends like AI advancements in ESG data and supplier collaboration will accelerate its momentum, evolving it from a compliance tool to a strategic net-zero platform—much like how it transformed hidden emissions from a blind spot to business-as-usual for early adopters.[1][3]
Avarni has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in July 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2022 | $2.0M Seed | Grit Ventures, Main Sequence Ventures, Morpheus Ventures, The Valley Fund, AfterWork Ventures |