Insider Brief
- Zevero, a London-based carbon accounting startup, has raised $7 million in seed funding led by Spiral Capital to expand its platform and support global sustainability efforts.
- The platform uses AI to streamline carbon accounting, allowing businesses to spend more time reducing emissions and less time on complex measurement processes.
- Zevero plans to scale its operations in key global markets, with a focus on regions like Asia, where it aims to help companies meet international sustainability standards.
- Image: Zevero
London-based carbon accounting startup Zevero has announced a $7 million seed investment, according to Tech Funding News. The funding round was led by Spiral Capital, a Japan-based VC firm focusing on technology and sustainability investments, with participation from East Ventures and several angel investors.
The investment will accelerate Zevero’s global expansion, particularly in key markets such as Japan, the U.S., Australia, and Asia-Pacific countries, as well as support product development to help businesses meet their sustainability goals. Zevero’s carbon accounting platform aims to make it easier for companies to measure, manage, and reduce their carbon emissions.
Zevero was founded in 2021 by George Wade and Ben Richardson, both former sustainability consultants who sought to address inefficiencies in the traditional consulting model. Wade told Tech Funding News that their mission was to create a more accessible solution.
“We saw this massive opportunity. I had previously worked with SMEs, and my co-founder, working in carbon consulting, realised that thousands if not millions of companies are going to need a solution,” Wade told TFN.
The platform they developed allows businesses to spend less time measuring emissions and more time taking action.
“The whole goal was that instead of spending 10 hours on sustainability and it being nine hours measurement and one hour action, you have one hour of measurement and nine hours of action,” said Wade.
Zevero’s platform has attracted major consumer brands like DEYA, Delphis Eco, and MOTH. Its acquisition by Levelup Climate Tech in February, followed by a rebranding to Zevero, has helped expand its global reach.
With the new investment, Zevero will continue to provide AI-driven tools that integrate supply chain data and offer real-time, granular analytics to help companies track emissions across their entire product lifecycle. Wade emphasized the platform’s ability to work across different languages and regions, making it suitable for global supply chains.
“We can work with any country, get their data, whether it’s different language, and that allows us to be able to have that centralised expertise, but apply it to a global and a local context,” Wade said. “There’s increasing demand in Asia for solutions like ours. The regulatory market is limited there, so we find that companies that want to export to the EU know they need to measure their emissions to the standard of a European company.”
Zevero’s expansion is particularly significant in Asia, where 51% of global emissions are produced. “There’s increasing demand in Asia for solutions like ours,” Wade said, adding that companies looking to export to the EU are particularly motivated to measure their emissions to meet European standards.
“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, CEO of Spiral Capital. “Zevero’s leadership highlights its global reach.”
Zevero’s proprietary AI, known as the “emission engine,” automates complex emissions calculations, handling millions of data records in minutes, making it more efficient than traditional consultancy methods. The platform also provides users with actionable insights, offering advice on reducing emissions and improving sustainability.
Looking ahead, Zevero plans to continue its growth and solidify its presence in global markets. Wade remains focused on the startup’s mission.
“We care passionately about helping companies reduce their impact. That is going to drive us forward as a company, but also as a society as well,” he said.
