nZero Secures $16 Million in Series A Funding for Near-Real-Time Carbon Management

nZero, the leading near real-time carbon management and accounting platform, has announced the closure of a $16 million Series A funding round. The influx of funding will enable the company to scale, amid a global call for better and more accurate tracking and reporting of energy, financial, and greenhouse gas emissions data. The round was led by Fifth Wall, the largest asset manager focused on improving the built world, and a national US energy company, along with Piedmont Capital Investments, Inc. and limited partner Henry Kravis, founder and co-chairman of KKR.

Key Takeaways:

• nZero has aggregated more than 1 billion data points across 12,000 buildings and 10,000 vehicles, providing granular data for operational and capital planning, tax credits, and evolving reporting standards.
• The company's 24/7 carbon management solution syncs, analyzes, and manages carbon emissions across Scopes 1, 2, and 3 on a granular level, pairing financial and emissions data for true business change.
• nZero has worked with various corporate, agriculture, and government entities globally since its launch in April 2021, helping them understand their carbon impact and develop sustainable emissions reductions plans.
• The company's platform offers continuous 24/7 tracking, capturing hour-by-hour emissions changes in an easy-to-use platform to help clients track, manage, and report on their sustainability goals.
• nZero is the only 24/7 carbon management solution that can sync automatically, analyze, and manage carbon emissions across all scopes of emissions.
• The company's market-leading team is setting the new industry standard for how energy, financial, and greenhouse gas emissions data is tracked and managed across the public and private sectors.
• Jennifer Place, Principal on the Climate Technology Investment Team at Fifth Wall, stated that nZero's market-leading team is transforming how companies and governments plan and set climate goals, and adjust operations accordingly.

Statistics:

• $16 million Series A funding round secured by nZero
• 1 billion+ data points aggregated across 12,000 buildings and 10,000 vehicles
• 24/7 carbon management solution with automatic syncing, analysis, and management of carbon emissions across Scopes 1, 2, and 3
• 1 billion+ data points analyzed since launch in April 2021
• 12,000 buildings and 10,000 vehicles tracked and analyzed by nZero

Sources:

• News Reporter-Staff News Editor at Global Warming Focus, 2023-05-01
• Fifth Wall, Climate Technology Investment Team, statement by Jennifer Place, Principal
• nZero, press release, 2023-05-01