Zevero, a London-based carbon management platform, has raised $7 million in new investment, bringing its total funding to $14 million. The round includes participation from Spiral Capital, Gazelle Capital, and Deep 30.
Spiral Capital, which led Zevero’s inaugural seed round in September 2024, remains one of its largest investors. The company reports annual recurring revenue growth of 400% year-on-year and a doubling of its customer base.
The announcement follows Zevero’s acquisition of Inhabit in February. Inhabit is a UK-based sustainability solutions provider. The deal strengthens Zevero’s advisory capabilities and supports its strategy to scale sustainability delivery through a combination of experienced practitioners and technology.
The new investment will accelerate product development and Zevero’s continued expansion across Asia-Pacific and continental Europe, where companies face growing pressure from CBAM exposure, supply chain mandates, and strict tender requirements. Zevero’s customers include Asahi Group, the Tokyo Metropolitan Government, and waterdrop.
Zevero’s executive team. From left to right: Shigeo Taniuchi, Ben Richardson, George Wade.
What the platform does
Zevero uses AI to automate emissions data collection and calculation across Scope 1, 2, and 3, building a reusable dataset that informs ESG disclosures, product design, and sourcing decisions. Embedded climate experts work within the platform to help identify hotspots, set targets, and develop tailored decarbonisation strategies. Founded in 2021, Zevero operates across more than 20 countries.
Shigeo Taniuchi, CEO of Zevero, said businesses are increasingly being asked to manage sustainability the way they manage finance. Many are still operating it like an annual project, rebuilding from scratch each year and producing a number rather than a system.
The fundraising environment
George Wade, co-founder and Chief Commercial Officer at Zevero, told Climate Solutions News that the investment climate had shifted but remained active. “Investors are becoming more discerning, not less interested,” he said. “Early-stage climate tech could raise on vision alone a few years ago. Now investors want to see the commercial fundamentals alongside the mission.”
Tomokazu Okuno, General Partner and CEO of Spiral Capital, said Zevero had built an impressive platform and demonstrated strong growth since its seed round. He said the company’s combination of technology and expertise positions it well to scale globally.
The case for combining software and advisory
Wade argued the Inhabit acquisition was not about creating a separate revenue stream. Businesses that extract most value from Zevero are those seeking expert support to act on what the data shows, he said. “You need both technology and expertise to do that well.”
Existing projects will continue without disruption, with customers supported by the same delivery teams. The growth opportunity Zevero is most focused on, Wade told Climate Solutions News, is in helping organisations move from measuring emissions to acting on them systematically.
US climate scepticism: is it spreading?
The broader political context creates a potential headache for platforms like Zevero. As the United States retreats from climate commitments and the Trump administration rolls back federal emissions oversight, there is a risk that corporate appetite for carbon reporting softens elsewhere too. If sustainability loses its political and reputational currency in the world’s largest economy, companies in other markets may begin to treat emissions management as a cost rather than a priority, putting pressure on the commercial case for dedicated reporting infrastructure.
Wade, however, says that in the markets Zevero operates in, that pressure has not materialised. Regulatory momentum in the company’s core markets continues to move towards greater rigour. The EU Corporate Sustainability Reporting Directive, the UK Sustainability Reporting Standards, and Japan’s SSBJ standards are all raising the bar on corporate disclosure, he said.
What has changed is the framing. Wade said companies had become more cautious about ESG language, preferring to lead with operational and financial rationale. Some of that reflected political influence from the United States. Much of it, he argued, was a natural maturation of the market. The business case for managing carbon data well, covering supply chain resilience, regulatory readiness, and investor credibility, does not depend on ESG branding to hold.
“The companies we speak to are not asking whether to take this seriously,” Wade explained. “They are asking how to build the infrastructure to do it properly.”
