We have advised BeZero Carbon, the global carbon ratings agency, on its US$32 million Series C financing.
The round is led by Temasek-founded GenZero, a decarbonisation-focused global investment firm headquartered in Singapore, with additional investment from the Japan Airlines and Translink Innovation Fund. Existing investors EDF Pulse Ventures, Hitachi Ventures, Illuminate Financial, Intercontinental Exchange (ICE), Molten Ventures, Qima, and Quantum Innovation Fund also committed fresh capital.
BeZero Carbon will be investing the new funds in expanding its ratings coverage as well as investing in automation, including the application of artificial intelligence techniques.
BeZero Carbon is a carbon ratings agency headquartered in London, providing ratings and risk products to equip world-leading organisations with the knowledge, tools and confidence to make better climate decisions. It aims to scale investment in environmental markets that deliver a sustainable future.
Corporate M&A partner Alexandra Richardson commented: "We're delighted to be able to help BeZero Carbon reach this funding milestone. Transparent and trustworthy carbon markets are an important part of the toolkit required to tackle climate change and the work that BeZero Carbon are doing in this space is both exciting and essential. We look forward to seeing BeZero Carbon's next stage of growth as they continue their vital and innovative work."
Tommy Ricketts, CEO and Co-founder of BeZero Carbon commented:
“Everyone at Taylor Wessing has been amazing throughout our Series C. They expertly navigated investors in 13 hours of different time zones and we are tremendously proud they’ve been by our side all the way since our seed round in autumn 2022.”
The team leading the financing round was Alexandra Richardson (partner), Josh Gertner (senior associate) and Jack Cunningham (associate).
