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ArcTern Ventures Announces USD $335 Million Fund III Focused on Global Decarbonization
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ArcTern Ventures Announces USD $335 Million Fund III Focused on Global Decarbonization
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Emitwise raises an extra $3.2M from ArcTern Ventures for its greenhouse gas emissions platform
Emitwise, a startup that claims its AI platform can measure greenhouse gas emissions from companies and their supply chains, has added to its seed funding round by $3.2 million, bringing its total seed funding raised to $6.6 million. ArcTern Ventures led the $3.2m raise. Also participating were Angel investors including Peter Harrison, the CEO of Schroders; Magnus Rausing; and Saltwater (Uber Co-Founder Ryan Graves’ investment firm). Other investors include True Ventures, Social Impact Capital, Lightbird Ventures, and others.
The company claims its platform will automate carbon accounting across a supply chain; identify emissions hotspots; integrate with ERP systems; and complies with auditing and disclosure systems like CDP, GHG and TCFD.