London-based Emitwise pulls in €9 million for its AI-driven carbon accounting software
Summary
Our product has been designed to address customers’ pain points around data collection, transparency and analysis, and enables those in the highest polluting sectors to make critical decisions at a micro level.” Historically, identifying carbon hotspots within large organizations, particularly those with complex supply chains, has proven prohibitively expensive, inaccurate and time-consuming. By automating the integration and calculation of carbon data, Emitwise’s software allows large multinationals to measure, track and reduce their emissions across their own operations – as well as that of their supply chains – in a cost-effective way. Alongside this funding injection, Emitwise is also fueling growth with a change-up of management, bringing former Unilever executive, Steve Bianchi on board as COO. With a career spanning nearly 30 years, including time spent at Unilever, Deutsche Bank and Zalando, he brings a wealth of expertise in talent acquisition, people management and productivity planning. Nathan Feltz, Principal at Xplorer Capital said: “Every company needs to execute a decarbonization journey to remain competitive, and Emitwise has built the platform to help them.