The US-based company which has a subsidiary in Luxembourg is one of the leaders in near real-time carbon management and accounting. Its Series A was led by Fifth Wall and an unnamed US energy company.
The investment will enable the company to scale its services amid the global push for better, more accurate tracking and reporting of energy, financial, and greenhouse gas emissions data in both the public and private sectors.
Fifth Wall, the largest asset manager focused on improving, future-proofing, and decarbonizing the built world, and a national US energy company led the round. Piedmont Capital Investments, Inc., with limited partner Henry Kravis, founder and co-chairman of KKR, also participated in the round.
“Since our inception, we’ve aggregated more than 1 billion data points across 12,000 buildings and 10,000 vehicles […]”
Adam Kramer, CEO of nZero
“We’re supporting a startup that is leveraging technology to transform how companies and governments plan and set climate goals and adjust operations accordingly to reach those goals. Truth through better data is the fundamental reason we are backing nZero,” said Jennifer Place, Principal of the Climate Technology Investment Team at Fifth Wall.
nZero is the only 24/7 carbon management solution that can sync automatically, analyze, and manage carbon emissions across Scopes 1, 2, and 3 on a granular level, ultimately pairing financial and emissions data and insights that empower true business change.
“Since our inception, we’ve aggregated more than 1 billion data points across 12,000 buildings and 10,000 vehicles, all being tracked by nZero, and this is just the beginning of our upwards trajectory. Our next chapter will enable us to grow as a data authority and bring our tech platform to scale, deepening our work with Fortune 500 companies, municipalities, government agencies, and NGOs,” said Adam Kramer, CEO of nZero.
The influx of funding arrives as more organizations worldwide strive to use data to implement and reach climate change goals. With this new funding, nZero is well-positioned to continue its growth trajectory as a data authority and to expand its services to help organizations achieve their sustainability goals.
