BeZero Carbon is a London-headquartered ratings agency for the voluntary carbon market that provides independent, project-level assessments of carbon credits' efficacy in achieving CO2 avoidance or removal. It uses a comprehensive analytical framework to evaluate carbon projects across various risk factors, assigning ratings on a seven-point scale from AAA+ to A; the article also references an 8-point rating scale where each incremental notch commands an average 40% price premium. BeZero's ratings and data are available on over 40 platforms and cover more than 480 carbon credit projects, with customers in over 30 countries and more than 100 corporate subscribers, including UBS, Sumitomo, Emirates NDB, Equinor, Woodside Energy, and ERM. The company has raised $32M in a Series C, bringing total funding to over $104M. Proceeds will be used to expand ratings coverage into compliance carbon markets such as Article 6 and CORSIA and to continue investing in automation. BeZero positions independent, risk-based, project-level ratings as a quality measure for carbon markets and to influence capital and demand toward higher‑rated credits. BeZero Carbon provides carbon credit scoring, risk assessments and analysis, anchored by a freely available methodology that lets investors probe the quality of specific offsets before transacting. The company also sells pay-for-access enriched offset assessments, insights and risk tools and publishes software API plug-ins for third-party carbon credit exchanges. Since launching two years ago, BeZero has signed clients including Equinor, Glencore and Watershed and is pursuing strategic collaborations with Hitachi, EDF and ICE to create standardised trading products. Headquartered in London, the company intends to expand coverage into continental Europe and Asia. The $50 million fundraise will be used to continue investing in its ratings, risk and analytics tools and to support geographic expansion, including planned new offices in New York and Singapore. Company leadership describes the opportunity as a chance to embed carbon trading into economic models to accelerate the net-zero transition. BeZero produces carbon ratings and analytics intended to make ecosystem assets measurable, tradable and investable by creating a new risk language for carbon markets. The company publishes headline letter ratings and summaries freely on its website while operating a subscription platform with full ratings assessments and analytics. BeZero reports more than 230 ratings data points covering over 50% of credits outstanding, and says dozens of major enterprises are trialing or hosting its ratings via API. The team has grown from 45 to 95 people and includes more than 50 research and ratings analysts; the firm is investing heavily in data science, remote sensing, ground-truthing and multidisciplinary research. Future plans emphasize product delivery, adoption-first go-to-market, partnerships with marketplaces and exchanges, continued methodological transparency, and ongoing collaboration with industry and academia to build confidence in the VCM.

Total raised

$101M

Funding rounds

3

Latest round

Series C

Latest activity

Jan 2025