Iconic Air Raises $5M in Seed Funding

Kyle Gillis and James Carnes
Kyle Gillis and James Carnes

Iconic Air, a Morgantown, WV-based provider of a SaaS platform that helps energy-intensive industries automate, benchmark, and manage the cost of carbon and their carbon footprint, raised $5M in Seed funding.

The round was led by XYZ Venture Capital, with participation from Garuda Ventures, the GTM fund, and investors from Country Roads Angel Network.

The company intends to use the funds to hire software engineering and carbon talent as well as to grow its sales team as they continue building out its platform capabilities.

Co-founded in 2020 by Kyle Gillis and James Carnes, Iconic Air provides players in energy-intensive industries with a SaaS platform to decarbonize their footprint. Emissions Intelligence™ enables operators to calculate, visualize, and report emissions data frequently and access to auditing, forecasting, and scenario planning tools.

It integrates with a federated structure of commercially-available applications and proprietary data sources.

FinSMEs

06/10/2022