Zevero Raises $7M to Expand Carbon Accounting Solutions
Carbon accounting platform Zevero bags $7 million in seed funding led by Spiral Capital.
The funding will be used to fuel the growth of the business in key markets: Japan, the U.S., and Asia-Pacific regions.
The international carbon accounting platform, Zevero, has closed its first round of seed funding.
The investment totalling $7 million was led by Spiral Capital alongside supporting funds from East Ventures, among various angel investors. This seed funding is a testament to the growing influence Zevero now holds in global sustainability issues.
For the last three years, Zevero has built a successful UK and European business by assisting consumer brands like DEYA, Delphis Eco, and MOTH in helping brands reach their sustainability objectives.
Zevero is now looking to take growth to the next level in its main target markets: Japan, the United States, Australia, and Asia-Pacific. The company will focus on meeting the growing demand for sustainability solutions, particularly enhancing its decarbonisation tools.
Zevero supports companies with complex supply chains in the achievement of their goals towards sustainability by using AI to match emissions data with information integrated into supply chains and climate expertise along each step of the decarbonisation process. With regulations getting tougher and the changing expectations of consumers, the platform from Zevero allows companies to evaluate exactly the environmental footprint along the whole product lifecycle and operation.
With its carbon accounting tools and advanced Life Cycle Assessment (LCA) methodologies, Zevero can clearly provide enterprises with answers about their specific environmental footprint. Therefore, Zevero helps businesses make informed decisions within their sustainability strategy.
“Following a year of significant global commitments to net zero emissions, we have seen a surge in demand for robust, data-driven sustainability solutions. This funding allows us to expand our capabilities and continue delivering the innovative tools that businesses need to meet their regulatory and commercial obligations. The team is excited to lead the industry in providing accurate, scalable and actionable insights for carbon accounting,” said Shigeo Taniuchi, Co-Founder and Global CEO of Zevero.
“As demand for transparent, reliable sustainability data grows, Zevero is addressing business challenges with its carbon accounting tool and LCA solutions. Led by Mr. Taniuchi, with global management expertise, Mr. Kuratomi, a serial entrepreneur, and Mr. Richardson and Mr. Wade, both accomplished in European carbon accounting, Zevero's leadership highlights its global reach. We're excited to support their ongoing growth and market expansion,” said Tomokazu Okuno, General Partner, CEO of Spiral Capital.
“At Zevero, we're dedicated to not only measuring carbon impact but also empowering our clients to make informed decisions to achieve their sustainability goals. This funding will help us enhance our platform, expand globally, and continue supporting our customers on their path to a net zero future,” said Ben Richardson, Chief Sustainability Officer of Zevero.
Zevero plans to continue this funding round, with further discussions still ongoing with global investors. This ensured capital will allow the company to continue cementing itself as an industry leader in carbon accounting while supporting the continuation of its global expansion and product development.
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Source: Zevero
