Zevero, a platform for reporting carbon emissions, has raised $7m (£5.3m) in its first seed investment round.
Jointly based in London and Singapore, Zevero works with clients operating with large supply chains.
The Zevero platform allows clients to understand the climate impact across their supply chain and offers solutions to meet sustainability goals.
“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 chief sustainability officer Ben Richardson.
“This funding will help us enhance our platform, expand globally, and continue supporting our customers on their path to a net zero future.”
The group’s global CEO Shiego Taniuchi said that as “global commitments to net zero emissions” grow, the demand for “robust, data-driven sustainability solutions” grows with it.
“This funding allows us to expand our capabilities and continue delivering the innovative tools that businesses need to meet their regulatory and commercial obligations,” added Taniuchi.
The investment round was led by Spital Capital and included participation from East Ventures and a handful of angels.
“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.”
Carbon data reporting has grown into a prominent industry amid growing environmental pressures.
Fellow firms in the space include Sylvera, which in 2023 closed a £44m funding round.