Zevero Secures $7 Million for Sustainability Innovations
On September 17, 2024, in Singapore, the innovative carbon accounting platform Zevero announced a significant milestone by securing US$ 7 million in its inaugural seed funding round. This investment was predominantly led by Spiral Capital, accompanied by participation from East Ventures and several angel investors. This financial boost is pivotal for Zevero, as it aims to enhance its sustainability initiatives and broaden its influence in the global arena. With a pressing need for companies to translate ambitious sustainability goals into actionable strategies, Zevero is positioned to meet this demand with unparalleled precision and effectiveness.
Over the past three years, Zevero has successfully forged partnerships with major consumer-goods brands such as DEYA, Delphis Eco, and MOTH in the UK and European markets, leading to significant advancements in their sustainability quests.
The recently acquired funding will expedite Zevero’s efforts to expand its presence in key markets across Japan, the United States, Australia, and various Asia-Pacific countries. The platform serves to address the rising global demand for comprehensive sustainability solutions, particularly focusing on enhancing decarbonization capabilities that are crucial for modern businesses striving to reduce their environmental footprints amidst mounting regulatory pressure and consumer expectations.
At the core of Zevero's offering is its ability to help supply-chain-heavy organizations navigate their sustainability journeys by employing advanced artificial intelligence to align emission factors with supply chain data. This integration, combined with their expertise in Life Cycle Assessment (LCA), allows businesses to holistically evaluate their environmental impacts across product lifecycles. Shigeo Taniuchi, Co-Founder and Global CEO of Zevero, expressed enthusiasm about the surge in demand for data-driven sustainability solutions, highlighting how this funding would amplify their capabilities and support businesses in achieving regulatory compliance. Zevero remains dedicated to empowering its clients with actionable insights to foster a sustainable future as they continue the fundraising process and seek additional global investors.
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