Saudi Remedium secures $1.5 million to expand sustainability accounting

Saudi Arabia-based climatetech startup Remedium has raised $1.5 million in a pre-Seed round led by Kaltaire Investments. Founded in 2021 by Fawaz Abu-Ghazaleh, Remedium develops a carbon management and sustainability technology platform that helps businesses measure, manage and reduce their environmental footprint through digitalisation, automation and data analytics. The company plans to use the funding to expand its AI and machine-learning capabilities, including physical-risk modelling, forec