Zevero has successfully secured £5.3m in a seed funding round.
- Operating jointly from London and Singapore, Zevero aids clients in managing their supply chain’s climate impact.
- The investment will enhance Zevero’s platform, expand global operations, and support clients in achieving net-zero targets.
- The funding round was led by Spiral Capital, with significant contributions from various investors.
- The carbon data reporting industry continues to grow as businesses seek robust and data-driven sustainability solutions.
Zevero, a platform dedicated to the reporting of carbon emissions, recently acquired £5.3 million during its initial seed investment phase. This financial boost is set to enhance the platform’s capabilities and facilitate Zevero’s global expansion, providing stronger support for its clientele in their quest to fulfil sustainability ambitions and regulatory requirements.
Situated in both London and Singapore, Zevero collaborates with businesses operating extensive supply chains to accurately gauge their climate impact. The platform empowers companies, enabling them to make informed decisions that align with their sustainability goals. Ben Richardson, the chief sustainability officer at Zevero, emphasised the company’s commitment to offering not just measurement tools but also strategic support for clients aiming towards a net-zero future.
The group CEO, Shiego Taniuchi, highlighted the increasing global commitment to net-zero emissions. As more businesses seek robust, data-driven solutions for sustainability, Zevero aims to remain at the forefront by delivering innovative tools essential for meeting both regulatory and commercial responsibilities. The newly acquired funding underpins these objectives, bolstering the company’s capability to provide cutting-edge resources to its customer base.
The funding round saw leadership from Spiral Capital, supplemented by East Ventures along with several angel investors. Tomokazu Okuno, general partner and CEO of Spiral Capital, expressed enthusiasm about supporting Zevero’s ongoing growth and market expansion. Okuno noted that Zevero’s approach addresses significant business challenges with its comprehensive carbon accounting and life cycle assessment (LCA) solutions.
The carbon data reporting industry has witnessed substantial growth, spurred by intensifying environmental pressures and a mounting demand for transparency. Similar companies, like Sylvera, have also secured significant funding, indicating a broader trend of investment in solutions that cater to the evolving needs of businesses constrained by environmental obligations.
Zevero’s successful funding acquisition marks a significant step forward in addressing the growing need for effective carbon data solutions.
