Sylvera, a London-based fintech founded just three years ago, has raised a $57m Series B funding round.
In brief:
-It wants to help companies and governments hit ‘net zero’ targets by 2050 by providing data on global carbon projects and credits.
-A number of high-profile investors have lined up for Sylvera’s latest round including Balderton Capital, who led the round, alongside existing investors Index Ventures, Insight Partners, Bain & Company, Salesforce Ventures, Speedinvest, Seedcamp, and LocalGlobe, and new investors Fidelity Strategic Ventures and 9Yards Capital.
-Since its last funding round in January 2022, when it raised a $32m Series A round, it has seen a sevenfold growth in its customer base.
What does this mean?
"There is a serious lack of data to demonstrate progress against net zero targets and to prove that carbon emissions are actually being reduced or removed from the atmosphere. This uncertainty has created inaction–Sylvera is changing that," said Allister Furey, CEO and co-founder of Sylvera.
