51toCarbonZero raises £3m to expand carbon accounting platform

Carbon accounting software provider 51toCarbonZero has raised £3m in a funding round led by existing investor Fuel Ventures.

51toCarbonZero’s platform measures companies’ carbon footprints (through over 100 integrations, APIs, AI and OCR tech) and helps them transition to net zero by setting accountable plans that focus on securing and maintaining employee engagement whilst providing real-time data and actionable insights.

The company specialises in advertising, sports, and entertainment; and its partnership with media & advertising focused decarbonisation specialists Scope 3 last May was one of the activities logged in TechMarketView’s upcoming Sustainability Technology Activity Index.

The new funding will be used to enhance 51toCarbonZero’s platform (incorporating further AI measures) and scale its operations into more sectors (including food & beverage and automotive).

Look out for the latest Sustainability Technology Activity Index reports, coming soon – with in-depth analysis of the global picture (segmented by sector, use case area, and technology) and what the activity trends are telling us in uncertain times, plus deep dives into the UK market specifically. This research is available only to subscribers of SustainabilityViews. If you are not yet a subscriber, or are unsure if your company has a subscription, please contact Belinda Tewson to find out how you can gain access.

Posted by: Craig Wentworth at 10:08

Tags: funding   carbon accounting