4 years ago

Emitwise Secures €5.4 Million to Scale AI-Powered Carbon Accounting Platform

  • Emitwise, a London-based startup providing an AI-powered software platform for carbon accounting, has raised €5.4 million in seed funding

  • The latest round was led by ArcTern Ventures, a specialist cleantech venture capital firm, and included participation from angel investors such as Peter Harrison, CEO of Schroders

  • Emitwise's platform helps companies automate the measurement, reporting, and reduction of greenhouse gas emissions, enabling them to meet growing regulatory demands and investor expectations for environmental transparency

  • The company plans to use the funding to expand its team and support more customers.

      • ProblemTechnology

      "Companies are facing increasing pressure from customers, investors, and regulators to disclose accurate environmental data and reduce their carbon footprint. Many companies struggle to track and manage their carbon emissions, especially across their supply chains, making it difficult to set effective mitigation strategies and achieve net-zero targets."

      Solution

      "Emitwise provides an AI-powered software platform that helps companies automate the measurement, reporting, and reduction of greenhouse gas emissions. The platform enables companies to track their carbon footprint in real-time, including their supply chains, and provides a clear audit trail to guide their climate action. This helps companies meet regulatory requirements, demonstrate their commitment to sustainability, and achieve their net-zero goals."

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