Zevero, a UK-based startup specializing in carbon emissions measurement and reduction, has raised $7 million in a seed funding round to support its global expansion. Founded in 2021, the company provides businesses with tools to better understand the environmental impact of their carbon emissions, offering data-driven insights to help them reduce their footprint and comply with regulations. Using artificial intelligence, Zevero’s platform integrates supply chain data and matches emission factors to offer a detailed analysis of a company’s emissions. This, combined with advanced life cycle assessment (LCA) methodologies and carbon accounting tools, helps businesses identify actionable steps to lower their carbon impact. The platform supports companies in meeting sustainability goals while navigating the complexities of regulatory demands. Zevero’s latest funding round comes on the heels of its acquisition earlier this year by Singapore-based climate tech startup LEVELUP.
Operating under the Zevero brand, the company plans to use the new funds to accelerate its growth, enhance product offerings, and further develop its platform to meet the rising demand for carbon accounting services globally. Zevero will continue to raise additional funds as part of a two-fold fundraising strategy. Ben Richardson, Chief Sustainability Officer at Zevero, emphasized the company’s mission to not only measure carbon impacts but to empower clients to make informed decisions on their journey to achieving net-zero emissions. He stated that the funding would allow Zevero to enhance its platform and support businesses in reducing their environmental footprint. Zevero’s development comes at a time of growing global demand for carbon accounting solutions, with companies looking to reduce greenhouse gas emissions and comply with environmental regulations. This year, Zevero joins other well-known carbon accounting firms, including Optera, which raised $12 million, and Persefoni, which received $50 million in Series C-1 funding. The $7 million seed round was led by Spiral Capital with participation from East Ventures and several angel investors. Shigeo Taniuchi, founder and global CEO of Zevero, is eager to lead the industry in providing accurate insights, integration and action for businesses seeking to achieve sustainable goals.