emitwise raises an extra $3.2m from arctern ventures for its greenhouse gas emissions platform
Emitwise Secures Additional Seed Funding
Emitwise, a company developing an AI-driven platform for measuring greenhouse gas emissions, has expanded its seed funding round with a $3.2 million investment. This brings the total amount of seed funding raised by the startup to $6.6 million.
Investment Details
ArcTern Ventures spearheaded the latest $3.2 million raise. Several angel investors also participated, including Peter Harrison, CEO of Schroders, Magnus Rausing, and Saltwater, the investment firm founded by Uber co-founder Ryan Graves.
Additional investors in this round include True Ventures, Social Impact Capital, and Lightbird Ventures.
Platform Capabilities
Emitwise asserts that its platform is designed to automate carbon accounting throughout the entire supply chain. It aims to pinpoint areas of high emissions and seamlessly integrate with existing Enterprise Resource Planning (ERP) systems.
The platform is also built to ensure compliance with key auditing and disclosure frameworks such as CDP, GHG Protocol, and TCFD.
Company Statement
According to Mauro Cozzi, co-founder and CEO of Emitwise, the increasing global focus on climate action, particularly leading up to the COP26 summit, is driving demand. He stated that companies and investors increasingly recognize the financial implications of carbon emissions.
Cozzi further emphasized that a strategy aligned with net-zero goals represents a pathway to increased profitability, efficiency, and overall business resilience.
ArcTern Ventures' Perspective
Marc Faucher of ArcTern Ventures highlighted the growing pressure on businesses to provide accurate environmental data. He believes Emitwise provides crucial visibility into supply chain carbon emissions.
Faucher stated that this visibility is essential for developing and implementing effective mitigation strategies and incentives. ArcTern Ventures views Emitwise’s software as a transformative solution, establishing new benchmarks for comprehensive carbon footprint reporting.
Competitive Landscape
Emitwise operates within a growing market alongside other startups focused on carbon accounting. Companies like Watersheds and Plan A, both of which have recently secured funding, represent key competitors in this space.
Mike Butcher
Mike Butcher: A Profile of a Leading Tech Voice
Mike Butcher, M.B.E., is a highly respected figure in the technology landscape. Previously serving as Editor-at-large for TechCrunch, his journalistic background includes contributions to prominent UK newspapers and magazines.
Recognition and Influence
Wired UK has recognized Butcher as one of the most influential individuals shaping European technology. His insights are frequently sought after on global stages.
He has been a speaker at prestigious events such as the World Economic Forum, Web Summit, and DLD, sharing his expertise with diverse audiences.
High-Profile Interviews
Throughout his career, Mike Butcher has conducted interviews with a remarkable array of prominent figures.
These include former UK Prime Minister Tony Blair, Russia’s Dmitry Medvedev, actor Kevin Spacey, model Lily Cole, Telegram founder Pavel Durov, and Wikipedia’s Jimmy Wales, alongside numerous other technology innovators and celebrities.
Broadcasting and Advisory Roles
Butcher is a frequent commentator on technology trends, regularly appearing as a broadcaster on major news networks.
He has provided analysis and commentary for BBC News, Sky News, CNBC, Channel 4, Al Jazeera, and Bloomberg.
Furthermore, he has lent his expertise to governmental bodies, advising UK Prime Ministers and the Mayor of London on policies related to tech startups.
Awards and Initiatives
GQ magazine once identified him as one of the 100 Most Connected Men in the UK, highlighting his extensive network and influence.
He is also the co-founder of several impactful organizations:
- TheEuropas.com: A platform showcasing the Top 100 European startups.
- Techfugees.com: A non-profit dedicated to supporting refugees through technology.
- TechVets.co: An organization focused on assisting veterans with technology skills and careers.
- Startup Coalition: A non-profit supporting the UK startup ecosystem.
In 2016, Mike Butcher was awarded an MBE in the Queen’s Birthday Honours list. This recognition was for his dedicated services to both the UK technology industry and the field of journalism.
His contributions continue to shape the conversation around technology, innovation, and their impact on society.