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Tokyo VC invests in London carbon management startup Zevero’s £5.23M round despite cooling of climate tech

Zevero founders
Image credits: Zevero

Carbon management platform Zevero has raised $7 million in fresh funding, doubling its total capital to $14 million. The round saw participation from Spiral Capital, Gazelle Capital, and Deep 30, following a period of sharp commercial momentum. This includes the $7 million seed funding the company raised in 2024. 

The new capital will be used to accelerate product development and expand Zevero’s footprint across Asia-Pacific and continental Europe. These regions are seeing rising compliance pressure, driven by mechanisms such as carbon border taxes, procurement standards and stricter supply chain disclosures.

Regulation is raising the stakes

The timing of this funding is closely tied to a broader shift in global sustainability expectations. Climate reporting is no longer a voluntary exercise or a branding tool. It is becoming as structured and scrutinised as financial reporting.

Frameworks such as the UK Sustainability Reporting Standards and SSBJ Standards are setting new benchmarks for transparency and accountability. Companies are now expected to produce consistent, auditable data and demonstrate clear progress on emissions reduction.

This shift is forcing organisations to rethink their approach. Measuring emissions is no longer enough. Businesses must show how they are acting on that data, particularly as regulatory pressure intersects with investor expectations and supply chain requirements.

Turning emissions data into decisions

The company was founded in 2021 by George Wade and Ben Richardson in London. They were working as sustainability consultants and became disenchanted with how the model operated. ​The company has grown into a 50-person team operating across more than 20 countries. Its approach combines automated carbon accounting with hands-on expertise. This positions it as more than a reporting tool.

Zevero’s core strength lies in how it handles carbon data. The platform automates emissions measurement across Scope 1, 2 and 3, eliminating the manual complexity that often slows organisations down. But the real value lies in what comes next.

Instead of treating emissions as a reporting exercise, Zevero builds a reusable dataset that feeds directly into ESG disclosures, product design and sourcing strategies. This turns carbon data into something operational, influencing everyday decisions rather than sitting in static reports.

A key differentiator is the integration of climate experts within the platform itself. These specialists help businesses identify emissions hotspots, define targets and map out tailored decarbonisation strategies. The result is a system in which sustainability is no longer siloed but embedded across teams and functions.

From compliance to strategy

As businesses navigate a low-carbon transition shaped by data, regulation and operational change, Zevero is placing itself at the centre of that shift. The company’s trajectory reflects a broader reality that carbon management is moving from compliance to strategy, and the tools supporting it must evolve just as quickly. 

Over the past year, Zevero has grown its annual recurring revenue by 400% while doubling its customer base. At the same time, it acquired sustainability advisory firm Inhabit, a move that signals a broader shift in how the company supports businesses, not just tracking emissions, but actively reducing them.

Zevero is working with organisations including Asahi Group, Tokyo Metropolitan Government and Waterdrop, spanning industries from manufacturing to FMCG and consumer brands.

Shigeo Taniuchi, CEO of Zevero, said: “Businesses are increasingly being asked to manage sustainability the way they manage finance, yet many are still operating it like an annual project: rebuilding from scratch each year and producing a number rather than a system. Our focus is on changing that by providing the platform and the expertise to make climate data continuous, defensible, and connected to the decisions that matter. This funding allows us to bring that to more organisations across more markets.”

George Wade, CCO and Co-Founder of Zevero, added: “Carbon data is moving from a reporting exercise to a core input in operational and investment decisions. Organisations don’t just need software to collect data; they need guidance to turn it into something the business can act on. That’s what Zevero is built around.”

Mr Tomokazu Okuno, General Partner and CEO, Spiral Capital, which led Zevero’s seed round and remains one of its largest investors, commented: “Zevero has built an impressive platform that helps businesses tackle one of the most pressing challenges facing organisations today, gaining clear visibility into their carbon emissions and acting on that insight. The company has demonstrated strong growth since its seed round, and we believe its combination of technology and expertise positions it well to scale globally. We are excited to continue supporting the team as they expand the platform internationally.”

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