The London certifier has added roughly €8.6 million from Intercontinental Exchange and others, taking its Series A to €43 million as it extends from carbon removal into wider industrial verification.
Isometric said its Series A has reached €43 million, or $50 million. The London company certifies claims made by industrial businesses. The latest tranche is estimated at about €8.6 million, because the previous Series A close in June valued the round at €34 million. Total funding across seed and Series A now stands at €64 million.
Intercontinental Exchange joins as an investor, alongside Acario Innovation, the corporate venture arm of Tokyo Gas. Others in the round include BY Venture Partners, Dubai Future District Fund, Earth VC, Motion Ventures, One Capital, Plug and Play, Verb Ventures, and Legora founder Max Junestrand.
What the platform does
Isometric was founded in 2022. Its platform, Certify, uses AI agents to review the data behind a claim, working alongside independent verifiers. Every certificate is published on a public registry with the underlying data, calculations and evidence.
The company started in carbon removal. It has been contracted to certify more than 16 million tonnes, which it says is more than any other certifier in the world. Since then it has moved into industrial emissions, energy, fuels and materials. Known customers include Microsoft, Anglo American, Boeing and JPMorgan Chase, across more than 200 projects.
Why an exchange operator is buying in
ICE runs market infrastructure that financial markets depend on. Its investment points at where Isometric wants to sit, which is between industrial claims and the capital that prices them.
“Provable output is financeable output. Our AI agents check every data point behind an industrial claim, turning it into a verified asset. ICE has spent decades building the infrastructure the world’s financial markets depend on, and they’re now backing Isometric to do the same for the industrial economy,” said Eamon Jubbawy, chief executive officer of Isometric.
Gordon Bennett, managing director of utility markets at ICE, gave the buyer’s view. “We believe analogue markets can be transformed through digital infrastructure, and that the partners and platforms we back will define the next chapter of environmental markets. That belief, combined with Isometric’s approach to verification and data integrity, is what compelled us to invest,” he said.
A busy year for European verification startups
Isometric’s raise lands in a run of European funding for carbon certification and measurement. Equitable Earth, a Paris carbon-project certifier, raised a €12.6 million Series A. Berlin’s Seqana, a digital MRV provider, raised €3.2 million. Proba, an Amsterdam Scope 3 certification startup, raised €1.25 million, while Antwerp’s D-CRBN raised €17.5 million for industrial CO2 conversion.
Adjacent businesses have also drawn money. MAECONOMY, a Dutch startup making circular building materials auditable and tradable, raised €1.5 million. Cocoon Carbon in London secured €13 million for lower-carbon cement substitutes. Together those six rounds account for about €49 million, rising to roughly €58 million once Isometric’s latest tranche is included.
