Normative AB, a Swedish based -was announced it has raised $31 million in a new round of funding to build out its carbon accounting platform.
The round was led by Blume Equity and included the participation of new investor Horizons Ventures, plus existing investors Future Five, ETF Partners, and 2150.
The company intends to use the capital to expand its supply chain measurement services, putting it in a position to help more businesses reduce their carbon emissions.
Company: Normative AB
Raised: $31.0 M
Round: Series B
Funding Month: July 2022
Lead Investors: Blume Equity
Additional Investors: Horizons Ventures, Future Five, ETF Partners and 2150
Company Website: https://normative.io/
Software Category: carbon accounting platform
About the Company: Normative is rooted in climate research. In 2013, co-founder Kristian Rönn was working at Oxford University, simulating the consequences of climate change. The results showed that global warming would cause extreme human suffering, motivating Kristian to leave academia and take action. He joined forces with Adam Wamai Egesa and Robin Undall-Behrend, and in 2014 the world’s first carbon accounting engine was born to help humanity achieve net zero emissions and reverse the trajectory of climate change. We now have offices in Stockholm, Copenhagen, and London, and are actively hiring talent to join the mission. Today, companies from around the world trust our carbon accounting engine to help them reduce their carbon footprint.