Zevero, a carbon management platform that automates emissions data collection for clients, has raised $7m (£5.2m) funding round.
Founded in 2021, Zevero has developed an AI platform to collect emissions data and build a reusable dataset that informs ESG disclosures, product design and sourcing decisions.
The company aims to use the new investment, which brings the total funding raised to $14m (£10.4m), to support its expansion across Europe and Asia-Pacific.
“Businesses are increasingly being asked to manage sustainability the way they manage finance, yet many are still operating it like an annual project: rebuilding from scratch each year and producing a number rather than a system,” said Shigeo Taniuchi, chief executive of Zevero.
“Our focus is on changing that, by providing the platform and the expertise to make climate data continuous, defensible, and connected to the decisions that matter. This funding allows us to bring that to more organisations across more markets.”
The seed round was led by Spiral Capital and included participation from Gazelle Capital and Deep 30.
“Zevero has built an impressive platform that helps businesses tackle one of the most pressing challenges facing organisations today, gaining clear visibility into their carbon emissions and acting on that insight,” said Mr Tomokazu Okuno, general partner and chief executive at Spiral Capital.
“The company has demonstrated strong growth since its seed round, and we believe its combination of technology and expertise positions it well to scale globally. We are excited to continue supporting the team as they expand the platform internationally.”
