Zevero, a global carbon accounting platform, has secured $7 million in its inaugural seed funding round. The investment was led by Spiral Capital, with participation from East Ventures and several angel investors. This funding milestone marks a significant step forward for Zevero, enabling the company to expand its global sustainability impact and solidify its position as a leader in the climate tech industry.

The Problem and Solution

The current state of carbon accounting is a manual and often expensive process, making it inaccessible to many businesses. Zevero aims to change this by providing a digitized platform that makes it easier for companies to measure and manage their environmental impact. The platform uses AI to match emission factors, integrates supply chain data, and offers global climate expertise to help businesses achieve their sustainability goals.

The Funding Round

The $7 million funding round is a significant milestone for Zevero, marking the company's first major investment. The funding will be used to expand Zevero's capabilities and continue delivering innovative tools that businesses need to meet their regulatory and commercial obligations. The investment was led by Spiral Capital, with participation from East Ventures and several angel investors.

The Company and Its Mission

Zevero is a global carbon accounting platform that helps supply-chain-heavy organizations meet their sustainability goals. The company's mission is to empower businesses to take action on climate change by providing accurate, scalable, and actionable insights for carbon accounting. Zevero's platform integrates advanced LCA methodologies with carbon accounting tools, offering businesses a detailed understanding of their environmental impacts and enabling them to make informed decisions to achieve their sustainability goals.

Comments from Zevero's Executives to TFN

"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," said Ben Richardson, Chief Sustainability Officer of Zevero. "This funding will help us enhance our platform, expand globally, and continue supporting our customers on their path to a net zero future."

"Following a year of significant global commitments to net zero emissions, we have seen a surge in demand for robust, data-driven sustainability solutions," added Shigeo Taniuchi, Global CEO of Zevero. "This funding allows us to expand our capabilities and continue delivering the innovative tools that businesses need to meet their regulatory and commercial obligations."

Comments from Spiral Capital

"As demand for transparent, reliable sustainability data grows, Zevero is addressing business challenges with its carbon accounting tool and LCA solutions," said Tomokazu Okuno, General Partner and CEO of Spiral Capital. "We're excited to support their ongoing growth and market expansion."

Zevero's $7 million funding round is a significant milestone for the climate tech industry, highlighting the growing demand for robust, data-driven sustainability solutions. The company's innovative approach to carbon accounting and its commitment to empowering businesses to take action on climate change makes it an exciting player in the space. As Zevero continues to expand its capabilities and global reach, it is likely to play a key role in helping businesses meet their sustainability goals and achieve a net zero future.