Viridios Group, a Sydney, Australia-based sustainable finance and technology company, completed $55 million in a Series B funding round led by Roc Capital Pty Ltd (Roc Partners).
The funding will be used to continue its investment in innovative solutions to combat climate change and grow its carbon data and analytics platform.
The capital raised will enable Viridios to fund strategic growth initiatives including continuing the global rollout of its SaaS platform.
“We’re delighted Roc Partners is joining us as we work to deliver on our sustainable finance vision. We believe it is critical that we continue to mobilise capital to offset emissions, decarbonise industry and improve carbon credit transparency, quality and confidence,” says Viridios Group CEO, Eddie Listorti.
To date, Viridios AI has aggregated information on more than 6,900 carbon credit projects globally with subscribers also able to access post-trade price data, standards, sustainable development goals (SDGs), and ratings for a broad range of carbon credits.
Viridios also partners with S&P Global Commodity Insights to deliver the Platts Viridios CARBEX, which provides six indices reflecting the value of different types of voluntary carbon credits.
Company: Viridios AI Pty Ltd
Round: Series B
Funding Month: November 2022
Lead Investors: Roc Partners
Company Website: https://www.viridios.ai/
Software Category: Valuation and Risk Management
About the Company: Viridios AI (VAI) is a proprietary carbon credit pricing and risk assessment platform and a leading data provider for voluntary carbon market participants. Viridios AI, a Viridios Group company, is committed to improving the value discovery around carbon projects to allow capital to flow more freely into the complex carbon markets as the world seeks to meet its climate and net-zero targets. Its mission is to bring robust valuation methodology and instruments found in all other commodity markets, to this critical asset class and to help clients future-proof their carbon offset strategies. The VAI platform provides access to Viridios AI’s market-leading modules, Valuation Risk Engine (VRE) and MARKS, providing subscribers with a full suite of carbon market intelligence on a single dashboard.