Carbon tracker Emitwise announces $10M Series A

Carbon tracker Emitwise announces $10M Series A

Mar 31, 2022 2 min read

Global carbon management startup Emitwise announced the close of its Series A, $10 million to tackle industrial emissions. The climate tech startup’s platform aims to contribute to rapid decarbonisation, specifically, one of the prime culprits - global industrial emissions. Emitwise has also appointed Steve Bianchi, a former Unilever executive, as Chief Operating Officer.

The Series A was oversubscribed and brings Emitwise’s total funding to $17 million. The $10 announced today was led by Xplorer Capital, joined by Outsized Ventures, True Ventures, and ArcTern Ventures. According to Emitwise, investor interest provided it with the opportunity to hand-select funds with strategic insight to bolster its proposition and operations.

The capital will be used to further the development of Emitwise’s carbon accounting platform, and extend its relationships in the industrial and manufacturing sectors to roll out the software. Former Unilever executive, Steve Bianchi joins as COO of Emitwise to scale operations amid strong growth.

Image credit: TechCrunch

Using automation, Emitwise software enables large organisations to track emissions, identify efficiencies and potential solutions to reduce the carbon footprint of industry, one of the biggest contributors to climate change. The platform also monitors supply chains, another key source of emissions that can be notoriously difficult to track.

Mauro Cozzi, Co-Founder & CEO of Emitwise:

“With businesses under ever-increasing scrutiny, the need for accurate and accessible emissions data is critical. Our product has been designed to address pain points around data collection, transparency and analysis, and enables those in the highest polluting sectors to make critical decisions at a micro level.”

Nathan Feltz, Principal at Xplorer Capital:

“Every company needs to execute a decarbonization journey to remain competitive, and Emitwise has built the platform to help them. They have the technology and the team to emerge as the best-in-class standard for carbon management.”

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