Construction decarbonization software startup Tangible announced that it has raised $3 million in a funding round, with proceeds from the funding round aimed at reducing embodied carbon in the construction and real estate industries.

Embodied carbon, or the emissions associated with building materials and construction, is responsible for 11% of global greenhouse gas emissions, a figure that is set to rise in the next 5 years, according to industry numbers cited by Tangible. Buildings are also among the hardest sources of emissions to replace, given their long-term nature.

Founded in 2021 by Anneli Tostar and Nicole Granath, San Francisco-based Tangible’s platform enables builders to measure the amount of embodied carbon used in the construction process, and provides them recommendations that help them find opportunities to cut carbon and cost at different construction stages.

According to Tangible, the platform helps enable developers to mitigate their environmental impact while meeting growing sustainability demands, by simplifying rapid measurement and reduction of embodied carbon.

Tostar said:

“Although embodied carbon is still a novel concept in the U.S., it’s gaining traction rapidly. Real estate and construction leaders are embracing tools like Tangible to drive better material choices, meet compliance requirements and enhance sustainability practices across their portfolios.”

The funding round was co-led by Prologis Ventures and Pi Labs, with participation from Foundamental, Silence VC and RE Angels.

Todd Lewis, Senior Vice President, Prologis Ventures

“As our first investment in the embodied carbon solutions space, adding Tangible to the Prologis Ventures’ portfolio is another way we are supporting construction innovation and sustainable growth across the logistics sector.”

Tostar added:

“We’re delighted to be working with these leading built world investors, as well as the venture arm of one of the largest real estate developers in the world. This clearly demonstrates the pain point real estate developers currently face in understanding the impact of their materials decisions throughout the construction process, not to mention meeting requirements and reporting to dozens of different entities.”