Sylvera raises £23.6m in Series A funding led by Index Ventures and Insight Partners to expand carbon market ratings.
The Series A round was co-led by Index Ventures and Insight Partners to broaden the company data coverage.
Share allotment filed at Companies House
London-based carbon data provider that builds software to evaluate and rate carbon offsetting projects.
Sylvera has secured £23.6m in Series A funding to expand its ratings coverage across carbon markets. The financing round was co-led by Index Ventures and Insight Partners, alongside contributions from Salesforce Ventures, LocalGlobe, and angel investors. The capital will be deployed to scale operations and broaden evaluation methods for carbon offset projects.
The carbon credit sector has faced scrutiny over transparency and the accuracy of environmental claims. Sylvera operates independently by assessing carbon performance without selling offsets itself, aiming to bring greater clarity to corporate buyers and market participants.
From the founder
"The market is one of the world’s most powerful tools against climate change. But we need reliable data to determine the quality of carbon offsets, in order to incentivize people to invest in the projects that are actually doing good – and to reward the project developers doing good work."
Allister Furey
CEO and co-founder at Sylvera
Investor perspective
"We’ve seen incredible growth in the carbon offset market, but until recently, it’s been difficult for the companies that buy these offsets to measure their impact"
Deven Parekh
Managing Director, Insight Partners
