The London-based carbon management platform has doubled its customer base and increased its annual recurring revenue by 400% year-on-year. It now has $14 million in total funding and is expanding into Asia-Pacific and continental Europe with support from Spiral Capital, Gazelle Capital, and Deep 30.
Traditionally, companies have treated carbon reporting as a yearly task: collect data, generate numbers, file disclosures, and repeat. However, this approach is becoming insufficient due to changing regulations. The UK Sustainability Reporting Standards will soon require listed companies to report climate data with the same precision as financial accounts. Similarly, Japan’s SSBJ Standards are part of a movement transforming emissions measurement into an ongoing financial process.
Zevero, a carbon management platform based in London, has raised an additional $7 million to position itself as an essential infrastructure layer for this change. The new round brings Zevero’s total funding to $14 million, following the same amount raised in a September 2024 seed round led by Spiral Capital. This latest funding includes continued support from Spiral Capital and new investments from Gazelle Capital and Deep 30.
Founded in 2021 by Shigeo Taniuchi, Ben Richardson, and George Wade, the company reports a 400% increase in annual recurring revenue and a doubling of its customer base since the September 2024 funding round, though specific metrics were not disclosed. Clients mentioned in the latest announcement include Asahi Group, the Tokyo Metropolitan Government, and waterdrop.
The platform uses AI to automate emissions data collection across Scope 1, 2, and 3, building a reusable dataset that can simultaneously inform ESG disclosures, product design decisions, and sourcing choices. In February 2026, Zevero acquired Inhabit, a UK sustainability advisory firm, enhancing its service offerings with hands-on capacity.
The company’s approach addresses a common issue: many organizations have tools to measure emissions but lack the expertise to systematically use the data. Regulatory changes like the EU’s Carbon Border Adjustment Mechanism are increasing pressure on non-European suppliers to report embodied carbon, supporting Zevero’s expansion into Asia-Pacific. This requires manufacturers in regions like Japan to meet EU standards or risk losing market access.
Tomokazu Okuno, CEO of Spiral Capital, cited the blend of technology and expertise as a significant factor for investment, believing it positions the company well for global scaling.
Zevero operates in over 20 countries, managing more than 1 million tonnes of CO₂e across its client base. Taniuchi emphasized the goal of making sustainability management as continuous as financial management, contrasting current practices of annual, project-based approaches with the need for a maintained system.
The $7 million investment will support product development and continued expansion in Asia-Pacific and continental Europe.