Zevero Raises £5M to Turn Carbon Data From an Annual Report Into a Continuous Business System

March 24, 2026

Zevero, the London-based carbon management platform, raised $7 million (£5.2 million) in a new funding round in March 2026, bringing total capital raised to $14 million. The round was backed by Spiral Capital — which led Zevero’s seed round in September 2024 and remains one of its largest shareholders — alongside new investors Gazelle Capital and Deep 30. The funding will accelerate product development and support expansion across Asia-Pacific and continental Europe, where regulatory and commercial pressure on corporate emissions management is intensifying. Zevero was founded in 2021 by Shigeo Taniuchi (CEO), George Wade (CCO), and Ben Richardson.

Corporate sustainability reporting has undergone a structural change in the past few years, and the pace is accelerating. Frameworks such as the UK’s Sustainability Reporting Standards and Japan’s SSBJ Standards are bringing climate disclosure toward the same level of audit rigour and governance oversight that applies to financial reporting. The EU’s Carbon Border Adjustment Mechanism (CBAM) is making emissions data commercially consequential for importers trading with Europe. Large enterprise procurement functions are increasingly requiring supply chain partners to demonstrate measurable emissions performance as a condition of tender. For many businesses, the response has been reactive and manual: an annual exercise in which data is assembled from scratch, a number is produced for a report, and the process begins again the following year. The dataset built in one cycle rarely informs product design, sourcing decisions, or operational priorities in the next.

Zevero’s platform is built around a different model. Rather than treating carbon accounting as a reporting task, it constructs a reusable dataset that accumulates over time and becomes progressively more useful as it does. The platform automates emissions data collection across Scope 1 (direct emissions), Scope 2 (purchased energy), and Scope 3 (supply chain and value chain) using AI, eliminating the manual aggregation that makes conventional carbon accounting slow and error-prone. The output feeds simultaneously into ESG disclosures, product carbon footprint calculations, supplier assessments, and sourcing strategies — making emissions data useful across multiple business functions rather than siloed in a sustainability team. A distinctive feature of Zevero’s model is the integration of in-house climate experts directly within the platform, working alongside the software to help clients identify emissions hotspots, set science-based targets, and develop tailored decarbonisation strategies. This combination of technology and advisory capacity was deepened in February 2026 when Zevero acquired Inhabit, a UK sustainability solutions provider, strengthening its capacity to support organisations in moving from measurement to genuine emissions reduction.

The commercial results reported at the time of the raise underscore the growing urgency businesses feel. Annual recurring revenue grew 400% year-on-year in the period following the September 2024 seed round, and the customer base doubled. Zevero now operates in more than 20 countries, managing over one million tonnes of CO₂ equivalent across its customer base. Clients include Asahi Group, the Tokyo Metropolitan Government, and waterdrop, spanning manufacturing, FMCG, and consumer brands.

The involvement of Spiral Capital — a Tokyo-based venture fund — as both seed lead and continuing investor is notable. It reflects a genuine cross-border thesis: Japan and the broader Asia-Pacific region face some of the most complex corporate emissions obligations globally, from Japan’s domestic climate disclosure requirements to the supply chain sustainability standards demanded by major manufacturers. Spiral Capital General Partner Tomokazu Okuno described Zevero’s combination of technology and embedded expertise as well-positioned to scale into those markets, noting the company’s strong growth trajectory since the seed round. The addition of Gazelle Capital and Deep 30 as new investors broadens the funding base into European and specialist climate capital networks relevant to Zevero’s continental European expansion ambitions.

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