Climate Tech Leader nZero Raises $16M in Series A Funding
—Leading near real-time carbon management and accounting platform funding round led by Fifth Wall and a national US Energy Company—
RENO, NV AND LUXEMBOURG, EUROPE—April 18, 2023—nZero, the leading near real-time carbon management and accounting platform, today announced that it has closed a $16 million Series A funding round that will enable the company to scale amid a global call for better, more accurate tracking and reporting of energy, financial, and greenhouse gas emissions data across the public and private sectors. The influx of funding arrives as more organizations worldwide strive to use data to implement and reach climate change goals. The round was led by both Fifth Wall Opens in a new tab—the largest asset manager focused on improving, future-proofing, and decarbonizing the built world—and a national US energy company. Additional investors include Piedmont Capital Investments, Inc. with limited partner Henry Kravis, founder and co-chairman of KKR.
nZero is the only 24/7 carbon management solution with the ability to sync automatically, analyze, and manage carbon emissions across Scopes 1, 2 and 3 on a granular level, ultimately pairing financial and emissions data and insights that empower true business change. Offering continuous 24/7 tracking, nZero captures hour-by-hour emissions changes in an easy-to-use platform to help clients track, manage, and report out their sustainability goals. Since launching its services in April 2021, nZero has worked with various corporate, agriculture and government entities globally to help them understand their actual carbon impact and develop the most financially efficient and sustainable emissions reductions plans.