Zevero Raises $7M for AI Carbon Platform
Zevero, a London-based carbon management platform, has raised $7M in new funding led by Spiral Capital, bringing total funding to $14M. The AI-powered software combines with in-house sustainability experts to measure, reduce, and report Scope 1-3 emissions, product carbon footprints, ESG disclosures, and environmental product declarations for growing businesses. The capital will support product development and expansion in APAC and Europe.
Regs Drive Carbon Data Demand
The raise aligns with escalating regulatory pressures like EU CSRD, UK SRS, and CBAM, pushing companies toward continuous emissions tracking. Japanese VCs Spiral Capital, Gazelle Capital, and Deep 30 participated, signaling Asia's interest in global climate tech. Zevero's hybrid model addresses gaps in pure software solutions amid a market growing at 23% CAGR.
Scope 3 Shadows Corporate Emissions
Scope 3 emissions dominate corporate footprints, often comprising the bulk of total GHGs, while manual tracking delays action. Regulations demand precise, audit-ready data for supply chains and products. Growing businesses struggle with fragmented data across global operations.
AI Plus Experts Accelerate Reductions
Zevero's platform automates emissions calculation using AI for primary data over estimates, integrated with expert consulting from a team of 10+ sustainability professionals. This enables 40% faster ESG disclosures and actionable reduction strategies. Unlike software-only rivals, it pairs tech with guidance for net-zero plans.
As George Wade, Co-Founder and CCO, noted:
"Organisations don’t just need the software… they need the guidance to turn data into decisions."
Japanese VCs Signal APAC Ambition
Spiral Capital, a repeat investor, led alongside Gazelle Capital and Deep 30, all Tokyo-based firms focused on AI, sustainability, and legacy industry DX. Spiral's climate portfolio includes Amphico and MiRESSO, validating Zevero's scalability. This mix underscores conviction in AI-driven carbon management for international growth.
$28B Market Eyes Product-Level Data
The carbon accounting software market stands at $28B, projected to reach $63.5B by 2030 on 23% CAGR driven by AI automation and Scope 3 focus. Greenly raised $79M for SMB-focused tracking. Competitors like Sweep and Normative target enterprises, leaving room for Zevero's mid-market expert hybrid.
Ex-Pharma CEO Powers Global Scale
Leadership blends domain expertise and exits: Co-Founder Benjamin Richardson brings 5+ years in carbon accounting from Tyndall Sustainability; Yuya Kuratomi exited a cybersecurity firm for $200M; new CEO Shigeo Taniuchi, ex-President of Santen Pharmaceutical, drives APAC expansion with global ops experience.
Hires Target APAC and Product Push
Post-funding, Zevero acquired Inhabit to bolster advisory and plans hires in Tokyo (Marketing Manager), London (Operations Manager), and Singapore (Sales). This supports measuring 100M tonnes CO2e by 2030, with current traction at 400% YoY ARR growth, doubled customers, and 1M+ tonnes managed across 20+ countries.