Zevero Raises $7 Million to Broaden Carbon Management Platform Adoption

Zevero raises $7 million in fresh funding as the race to make carbon data as rigorous and continuous as financial data enters a new phase. The round, announced on 24 March 2026, brings the London-based climate tech company’s total capital to $14 million.

Backed by returning investor Spiral Capital alongside new participants Gazelle Capital and Deep 30, the capital will fuel product development and international expansion across Asia-Pacific and continental Europe. Both regions are seeing intensifying regulatory and commercial pressure on businesses to quantify their emissions, making the timing particularly significant for a company that has spent the past two years building the infrastructure to meet that demand.

Zevero was founded in 2021 by Ben Richardson and George Wade, two sustainability consultants in their early twenties who were frustrated with the industry’s reliance on static spreadsheets and annual PDF reports. They recognised a critical need to digitise the carbon accounting process so that businesses could see the full picture of their environmental impact across every stage of the supply chain. Within three years the startup was operating in 13 countries. In April 2024, Singapore-based climate tech startup LEVELUP acquired the company in a multi-million-pound deal, with both entities merging under the Zevero brand. Shigeo Taniuchi, the former LEVELUP CEO and a global business executive with more than 25 years of leadership experience, took the helm. The merger brought LEVELUP’s deep agriculture expertise and established Asian market networks into the fold, giving the combined platform genuinely global reach and access to the $15 billion global carbon accounting market.

The growth since that integration has been sharp. The company reports 400% year-on-year growth in annual recurring revenue and a doubling of its customer base. The platform now operates in more than 20 countries and manages over one million tonnes of CO2 equivalent across its client portfolio. Customers include the Asahi Group, the Tokyo Metropolitan Government, and consumer brand waterdrop, spanning manufacturing, fast-moving consumer goods, and public administration. The team has grown to around 50 employees, a lean operation for the scale of data it processes.

At the core of the business is an AI-powered platform that automates emissions data collection and calculation across Scope 1, 2, and 3. Rather than producing a single annual number, the system builds a reusable, continuously updated dataset that feeds directly into ESG disclosures, product design, procurement, and sourcing decisions. Embedded climate experts work within the platform to help clients identify emissions hotspots, set targets, and develop tailored decarbonisation strategies. In February 2026, the company deepened this advisory layer by acquiring Inhabit, a B Corp-certified UK sustainability firm. The deal brought hands-on delivery capacity into the ecosystem, closing a gap many organisations face: software that measures emissions but no internal expertise to act on the findings. Sam McKay, Inhabit’s Co-founder and CEO, described the transition as a natural fit, citing a strong alignment of purpose and values between the two teams.

The regulatory landscape explains why Zevero raises capital at this particular moment. Frameworks such as the UK Sustainability Reporting Standards (UK SRS) and Japan’s SSBJ Standards are elevating climate disclosure to the same level of rigour long required of financial reporting. Companies are no longer simply asked to publish a carbon figure once a year. They are expected to produce consistent, auditable data and demonstrate measurable progress on reduction. For many, that shift is exposing serious gaps in data collection, integration, and internal accountability.

Adding further urgency is the EU’s Carbon Border Adjustment Mechanism (CBAM), which creates direct commercial pressure on non-European suppliers to quantify the embodied carbon in their products. For manufacturers in Japan and across Asia-Pacific that supply European companies, producing emissions data that meets EU standards is becoming a prerequisite for market access. Without credible, platform-generated carbon data, suppliers risk losing contracts or being locked out of European markets entirely. This dynamic gives clear commercial rationale to the geographic expansion that Zevero raises funding to accelerate.

CEO Taniuchi has framed the company’s mission around a pointed analogy: businesses are increasingly expected to manage sustainability the way they manage finance, yet many still treat it as a once-a-year project, rebuilding from scratch each cycle and producing a static number rather than maintaining a living system. Zevero’s goal is to change that by making climate data continuous, defensible, and connected to the operational decisions that shape real-world impact.

Co-founder George Wade reinforces this by noting that carbon data is shifting from a reporting exercise to a core input in operational and investment decisions. Organisations need not just software to collect it, he argues, but expert guidance to turn it into something the whole business can act on. That integrated model of automation plus advisory is what Zevero raises as its central proposition in a market that is growing more competitive by the quarter.

Spiral Capital’s decision to back the company again underscores the conviction behind this thesis. That Zevero raises repeat investment from the Tokyo-based firm is notable in a climate tech market where follow-on funding has become harder to secure. Tomokazu Okuno, General Partner and CEO of Spiral Capital, which led Zevero’s $7 million seed round in September 2024, pointed to the platform’s ability to give businesses clear visibility into their emissions and praised the blend of technology and expertise as a strong foundation for global scaling.

With 50 employees, clients spanning three continents, and a regulatory environment that is only tightening, Zevero raises its sights toward becoming the operational backbone of corporate carbon management. The $7 million will go toward product development and continued geographic expansion, with Asia-Pacific and continental Europe as the immediate priorities. For a company that started with two consultants and a spreadsheet problem, the trajectory has been remarkable. The next 12 months will test whether the team can convert momentum into market leadership, but the renewed backing from Spiral Capital and the addition of two new investors suggest the pieces are falling into place.