Emitwise raises £2.3m in a seed follow on round led by ArcTern Ventures to expand its carbon accounting team.
The financing round was led by ArcTern Ventures with participation from notable angel investors and Saltwater.
Emitwise provides an artificial intelligence platform that automates carbon accounting and supply chain emissions tracking for corporate net zero strategies. Based in London, the firm helps businesses measure and reduce environmental impacts.
Emitwise has secured £2.3m in a seed follow on investment round led by ArcTern Ventures. The capital injection brings the firm total seed funding raised over the past year to £4.8m. Additional backing in the latest raise came from high profile angel investors, including Schroders chief executive Peter Harrison and Magnus Rausing, alongside Saltwater. The company plans to use the fresh funds to expand its team of carbon accountancy experts and support growing corporate demand for climate disclosure tools.
From the founder
"With leaders set to ratchet up global climate ambition at the upcoming COP26 climate summit, there’s never been more certainty amongst corporates and investors: carbon equals cost and risk. A net zero-aligned model is a proxy for profit, efficiency and resilience and we’re committed to helping firms realise the major economic upsides of the transformation."
Mauro Cozzi
Co-Founder and CEO at Emitwise
Investor perspective
"Enterprises face mounting pressure from customers, investors, and regulators to disclose accurate environmental data. Emitwise gives a clear line of sight to supply chain carbon which is critical for instilling effective mitigation strategies and incentives. Here at ArcTern Ventures, we believe Emitwise’s software platform is a game-changer that sets new standards in universal carbon footprint reporting."
Marc Faucher
managing partner, ArcTern Ventures
Use of funds
- 01Grow the team
