Participated · Series C · Jan 2025

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.

Led · Seed · Aug 2023

Kavida AI provides a platform that de-risks procurement by tracking, managing and resolving supply-chain issues so procurement managers have visibility and early alerts before problems become crises. The company plans to integrate ChatGPT and other LLM capabilities into its platform to transform how users interact with supply-chain data and accelerate a ten-year product vision into immediate reality. Kavida says the recent funding will enable hiring of top AI and data‑science talent to build those capabilities. The business emphasizes real‑time access to order status, arrival times, delays and risk notifications to help customers avoid disruption. The company positioned its product as an AI co‑pilot for supply chain management and aims to be at the forefront of that shift. Financially, Kavida secured a $1.1M investment in this Seed round to support these product and hiring plans. Kavida.ai is a London-based supply chain resiliency startup that offers decision intelligence tools to help enterprises prevent and mitigate supply chain disruptions. Its platform analyzes live publicly available data from sources such as Twitter, YouTube, and news channels and converts it into simulation mathematics to quantify the impact of emerging threats. The system identifies optimal decisions to mitigate threats across sectors including apparel, FMCG, food, retail and pharma. Launched in October 2020, the company is led by CEO Anam Rahman and CTO Sumit Sinha. Kavida.ai raised £300K in pre-seed funding and intends to use the funds to expand operations and its business reach.