Emitwise, a London, UK-based Climate tech startup closed €9 million in a Series A funding round led by Xplorer Capital, with participation from Outsized Ventures, True Ventures, and ArcTern Ventures.
The startup is on a mission to accelerate the rapid decarbonization of the economy and become the standard for carbon management processes.
Alongside this funding injection, Emitwise is also fueling growth with a change-up of management, bringing former Unilever executive, Steve Bianchi on board as COO.
Company: Newco Emitwise Limited
Raised: €9.0M
Round: Series A
Funding Month: March 2022
Lead Investors: Xplorer Capital
Additional Investors: Outsized Ventures, True Ventures, and ArcTern Ventures
Company Website: https://emitwise.com/
Software Category: AI-driven carbon management platform
About the Company: Emitwise, launched in 2019, is an AI-driven carbon management platform that empowers companies to automatically measure, report, and reduce their carbon footprint across their operations and supply chain. The aim is to future-proof businesses for a zero-carbon world. Emitwise’s unique technology empowers companies to drive emission cuts through their operations and supply chain, enabling them to meet carbon targets faster and support the transition to a low-carbon economy. Emitwise takes the creativity out of carbon accountancy with an easy-to-use platform that accurately measures, tracks, reports, targets, and reduces emissions across the supply chain.
Source: https://www.eu-startups.com/2022/03/london-based-emitwise-pulls-in-e9-million-for-its-ai-driven-carbon-accounting-software/