Climate-tech firm Zuno Carbon raises funds in a round led by Wavemaker Partners 

investment

The Singapore-based startup has successfully raised US$2.5 million in seed funding. This funding brings Zuno Carbon’s total raised funds to over US$3 million in the last 12 months, following a pre-seed round in June of the previous year. Zuno Carbon offers decarbonisation solutions for businesses of all sizes, assisting them in reducing their environmental impact.

The newly secured capital will be utilised to enhance Zuno Carbon’s sales and marketing efforts, introduce new features aimed at streamlining compliance, and accelerate tangible decarbonisation actions.

Zuno Carbon’s ESG management platform, Veridis, enables companies to track their direct and indirect carbon emissions, identify critical areas, and make data-driven decisions to reduce carbon footprint across their entire supply chain. Veridis utilises AI-powered analytics to generate sustainability reports based on global regulatory frameworks and offers actionable recommendations. The platform has already been deployed by companies in various industries, including oil and gas, logistics, and real estate, in Singapore, Malaysia, and Saudi Arabia.

“When it comes to climate-related disclosures, an industry survey showed that 35 per cent of executives said that data quality is a key challenge, and 86 per cent saying that monitoring Scope 3 (indirect emissions) remains an obstacle for them,” said Hari Nair, CEO and Co-Founder of Zuno Carbon.

“We hope to address this gap by reconceptualising the decarbonisation process. Veridis generates the equivalent of blood test results to evaluate a company’s sustainability and identifies the material areas to tackle,” he added.

Related Posts
Others have also viewed

Meet the trailblazing women collaborating to save the ocean and increase gender diversity in STEM

In Mauritius, Scotland, Manchester, London, and Australia a group of award-winning women scientists and experts ...

STUDY: UK transport and logistics industry faces sustainability gap admist AI adoption

HERE Technologies, the leading location data and technology platform, today unveiled insights from its latest ...

Einride, Mars partner for Europe’s biggest road freight electrification in FMCG industry

Einride, a freight mobility company that provides digital, electric and autonomous technology, has partnered with ...

BCG and Climeworks sign historic 15-Year carbon removal agreement

Climeworks, a global leader in carbon removal via direct air capture technology, and Boston Consulting ...