TrackZero, a Milton Keynes-based carbon accounting platform, has raised £500,000 ($700,000) in pre-seed funding from local angel investors. The platform enables SMEs to measure, reduce, and report Scopes 1-3 emissions while helping enterprises gather accurate Scope 3 data from SME suppliers. The capital will accelerate AI-powered product development for supply chain emissions tracking.
UK SRS Spurs Scope 3 Investments
The raise follows the UK government's release of Sustainability Reporting Standards (SRS) on February 25, 2026, mandating enhanced Scope 1-3 disclosures per UK government. Enterprises now face pressure to collect primary data from SME suppliers amid CSRD and SECR expansions. TrackZero's SME-enterprise bridging addresses this gap, differentiating from enterprise-heavy rivals like Sweep ($100M+ raised) and Greenly ($75M+).
Enterprises Struggle with SME Data
Regulations like UK SRS and CSRD require enterprises to report Scope 3 emissions, which dominate most corporate footprints, but SMEs often lack tools for accurate measurement per TrackZero. Manual spreadsheets create administrative burdens and unreliable estimates. TrackZero targets this pain by simplifying compliance for SMEs, enabling scalable data flows to enterprise buyers.
SME Platform Enables Easy Tracking
TrackZero's SME platform offers AI-driven assessments for Scopes 1-3, compliant with GHG Protocol, CDP, SECR, CSRD, and SBTi per company site. Users plan reductions, generate reports, and promote progress starting at £995/year subscriptions. Its supply chain tools engage suppliers for verified data collection and analysis.
As Alan Wilson, CEO, noted:
"Businesses need a practical way to measure emissions across their operations and supply chains without creating huge administrative overhead. Our focus is on making carbon accounting simple, accurate and actionable. What we’re seeing now is carbon data moving beyond compliance, into a competitive advantage."
This usability stands out against complex enterprise solutions.
Angels Back Organic Growth
Local angels from the Oxford-Cambridge Growth Corridor led the oversubscribed round, signaling faith in TrackZero's two years of organic traction with 160+ organizations including Fortune 500 client Bridgestone per Startupmag. Their focus on greentech SaaS with early revenue matches TrackZero's profile. This regional capital supports scaling without dilutive VC pressure.
Carbon Accounting Hits $136B
The carbon accounting software market will grow from $27.51B in 2026 to $136.44B by 2034 at 22.2% CAGR per Fortune Business Insights. Drivers include mandatory Scope 3 reporting and AI automation trends. TrackZero's certifications as B Corp and ISO 27001 bolster trust in this expanding space per company blog.
Rivals Target Larger Enterprises
Competitors like DitchCarbon (under $1M pre-seed) focus on procurement scorecards, while EcoHedge offers basic SECR reporting per Crunchbase. US player Gravity recently raised $13M for expansion per Reuters. TrackZero carves a niche in collaborative UK SME-enterprise tools.
Exits Fuel Founder Credibility
Co-founder CEO Alan Wilson previously built and exited e-commerce SaaS Expandly to ChannelAdvisor per LinkedIn. CPO Oliver Waters scaled Momento to millions of downloads and App Store acclaim per leadership research. Their SaaS exits and supply chain experience directly apply to Scope 3 challenges.
AI Powers Supply Chain Scale
Post-funding, TrackZero plans AI enhancements for automated data collection, validation, and reporting in supply chains per LinkedIn update. Recent hires in sustainability consulting and customer success support growth. With 130,000+ tonnes CO2e tracked, the platform eyes broader enterprise adoption via partnerships like Bridgestone per company posts.