Singapore's Zuno Carbon, a climate tech startup, has secured $2.5 million in seed funding, led by Wavemaker Partners, a venture capital firm focused on sustainability startups in Southeast Asia. SEEDS Capital and Blue InCube Ventures also participated.
With this funding, Zuno Carbon plans to boost sales and marketing, introduce new features for compliance and simplification, and drive decarbonization initiatives. This funding follows the company's pre-seed round last year, bringing the total raised in the past 12 months to over $3 million.
Zuno Carbon's ESG management platform, Veridis, provides detailed tracking of greenhouse gas emissions, offering higher quality insights compared to other solutions. The AI-powered platform analyzes data, generates sustainability reports, and provides actionable recommendations.
“When it comes to climate-related disclosures, an industry survey showed that 35 percent of executives said that data quality is a key challenge, and 86 percent saying that monitoring Scope 3 (indirect emissions) remains an obstacle for them,” said Hari Nair, Chief Executive Officer and Co-Founder of Zuno Carbon.
“We hope to address this gap by reconceptualizing the decarbonization process,
“Veridis generates the equivalent of blood test results to evaluate a company’s sustainability and identifies the material areas to tackle,” he said.
Veridis has been deployed in challenging sectors like oil and gas, logistics, and real estate, helping companies in Singapore, Malaysia, and Saudi Arabia reduce carbon emissions through data-driven decisions. Zuno Carbon, founded in 2020, aims to accelerate the journey towards net zero by providing innovative decarbonization solutions.
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