Pledge Earth Technologies raises £3.3m seed investment led by Visionaries Club to roll out its carbon software infrastructure.
Visionaries Club led the seed round with backing from Lowercarbon Capital, Breyer Capital, and Zinal Growth.
Pledge builds carbon measurement and removal infrastructure that allows businesses to embed climate solutions into their operations. The platform provides analytics and fractional carbon offsetting options.
Pledge Earth Technologies has secured £3.3m in a seed funding round led by Visionaries Club. The raise also drew participation from Lowercarbon Capital, Breyer Capital, and Zinal Growth. Founded by alumni of Revolut and Freetrade, the company will direct the capital towards the commercial roll-out of its software infrastructure.
The platform has spent its early phase operating in closed beta, targeting the logistics and transportation sector. By offering automated emissions tracking and fractional carbon credit purchasing, Pledge aims to make sustainability tooling accessible to enterprises of varying sizes.
From the founder
"Currently, no easy and scalable way exists for companies of any size to understand and remove their emissions. Traditional carbon measurement and offsetting solutions are costly and difficult to implement and so only accessible to a restricted group of larger companies. We started Pledge to enable any company to launch high quality and verified climate products in the easiest and fastest way possible. Our mission is to raise climate awareness and empower businesses to accelerate their net zero transition, becoming a positive contributor to the current crisis."
David de Picciotto
co-founder and CEO at Pledge Earth Technologies
Investor perspective
"Pledge is building pipes for any business to launch applications to measure and mitigate their environmental impact. Similar to the flurry of financial infrastructure providers allowing any company to become a fintech, Pledge will become the enabler of climate initiatives by providing the relevant tools and software infrastructure to build on top of."
Robert Lacher
Co-founder and Partner, Visionaries Club
Use of funds
- 01Continue product development
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About the company
Pledge Earth Technologies
Pledge provides software infrastructure and APIs for carbon measurement and removal.