What is Emitwise?
Emitwise leverages unique artificial intelligence technology to enable companies to automatically measure, report, and reduce their carbon footprint across operations and supply chains. Founded in London in 2019, the platform is designed to future-proof businesses for a zero-carbon world by providing a comprehensive solution for carbon accounting. Unlike traditional methods, Emitwise fully automates emissions tracking across all business units and suppliers, freeing companies from manual data collection. Its AI-powered system precisely measures emissions in real-time, allowing businesses to swiftly identify carbon hotspots, devise net-zero roadmaps, and align with global climate targets and reporting standards. The company's technology is trusted by organizations worldwide, aiding them in mitigating climate-related risks and accelerating their transition to sustainability.
How much funding has Emitwise raised?
Emitwise has raised a total of $20M across 3 funding rounds:
Unspecified
$3.4M
Angel/Seed
$6.6M
Series A
$10M
Unspecified (2020): $3.4M with participation from Ryan Graves
Angel/Seed (2021): $6.6M led by ArcTern Ventures and Peter Harrison
Series A (2022): $10M supported by Xplorer Capital, Outsized Ventures, and True Ventures
Key Investors in Emitwise
ArcTern Ventures
ArcTern Ventures is a venture capital firm specializing in entrepreneurs addressing climate change and sustainability, seeking startups with solutions for carbon problems and sustainability issues.
Xplorer Capital
Xplorer Capital invests in disruptive technologies and talented entrepreneurs globally, forming long-term partnerships and supporting companies through Seed, Series A, and Series B rounds.
True Ventures
True Ventures is a founder-first venture capital firm that partners with early-stage creative teams, providing capital and guidance to build enduring technology and AI-driven companies.
What's next for Emitwise?
With its recent major strategic investment and a substantial total funding amount of $20M, Emitwise is poised for accelerated growth and market expansion. The company's focus on automating carbon accounting through AI addresses a critical need for businesses navigating complex environmental regulations and sustainability goals. This capital infusion is expected to fuel further development of its AI capabilities, enhance its platform's reach across diverse industries, and strengthen its position as a leader in the climate tech space. Emitwise's trajectory suggests a continued emphasis on empowering enterprises with actionable data for their net-zero transitions, potentially leading to new partnerships and broader adoption of its innovative solutions.
See full Emitwise company page
