Carbonfact has acquired Vaayu, uniting two of fashion's largest environmental data platforms in a deal that reflects growing consolidation across the ESG accounting software sector.
Carbonfact, founded in Paris in 2021, counts On, Ganni and The North Face among its 200-plus brand customers.
Vaayu, founded in Berlin in 2020 by Namrata Sandhu, works with more than 100 labels including New Balance and Asket.
Sandhu will join Carbonfact under the deal. Financial terms were not disclosed.
"We started Vaayu to give retail and fashion companies the granular, product-level climate data they need to actually decarbonise, not just report on it," Sandhu said. "Carbonfact shares that conviction, and together we can deliver it at the scale this industry now requires."
The combined platform will cover more than 150,000 fashion-specific emission factors across 650-plus material categories in 144 countries. The companies claim the combined platform is now the largest of its kind.
The acquisition follows a broader pattern of consolidation in the carbon accounting space.
In January, Diginex acquired Plan A, a corporate carbon accounting platform whose customers included Visa and Deutsche Bank, for €55m – one of the larger exits in the space.