Emitwise is a London-based startup that provides an AI-driven carbon management platform to automatically measure, report and reduce companies' carbon footprints across operations and supply chains. The platform is aimed at helping businesses future-proof for a zero-carbon world through automated carbon accounting. Leadership includes CEO and Co-Founder Mauro Cozzi and newly appointed COO Steve Bianchi. The company plans to use its new funding to further develop its AI-driven carbon accounting software and deepen partnerships with the manufacturing sector. Emitwise closed a $10M Series A round in March 2022 to support those product and commercial initiatives. Emitwise offers an AI platform that measures greenhouse gas emissions across companies and their supply chains. Its product automates carbon accounting, identifies emissions hotspots, integrates with ERP systems, and claims compliance with disclosure frameworks such as CDP, GHG and TCFD. The company positions its software as providing a clear line of sight to supply chain carbon to enable mitigation strategies and incentives. CEO Mauro Cozzi said Emitwise aims to help firms realize the economic upsides of a net-zero-aligned model. Emitwise competes with other startups in the space, including Watersheds and Plan A. Financially, Emitwise has raised a total of $6.6M in seed funding after a $3.2M addition. Emitwise is a U.K.-based tech startup that deploys artificial intelligence to help companies monitor, measure and report their carbon footprints. Its platform ingests data from available sources, including accounting systems, enterprise resource management, travel and workers' commutes, and analyzes that data to surface emissions hotspots. The system produces quick, comprehensive reports and enables companies to set targets and plan carbon-reduction actions. Emitwise advocates that improved carbon governance can reduce costs (through lower energy use and supplier selection) and create revenue opportunities by appealing to sustainability-minded consumers. The company recommends a step-by-step approach to supply-chain accounting, prioritizing key suppliers and modelling the remainder. At the time of the article Emitwise had two customers, Spendesk and Seed. It has raised funding to bring its offering to market.

Total raised

$17M

Funding rounds

3

Latest round

Series A

Latest activity

Mar 2022