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S$10 million funding round boosts carbon accounting platform Evercomm’s overseas push

It intends to leverage the overseas network of Mitsubishi Electric, a co-leader of the round

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Renald Yeo

Renald Yeo

Published Wed, Jul 17, 2024 · 03:01 PM
    • Evercomm co-founder and chief executive Ted Chen aims to grow revenue to S$10 million in the next two years.
    • Evercomm co-founder and chief executive Ted Chen aims to grow revenue to S$10 million in the next two years. PHOTO: YEN MENG JIIN, BT

    A S$10 MILLION Series B funding round – co-led by electronics giant Mitsubishi Electric – will help to propel carbon accounting platform Evercomm’s further expansion into Europe. Since being founded in Singapore in 2013, the company has entered Taiwan, Thailand, Malaysia, Indonesia and Vietnam.

    The Series B funding round is set to be completed by the third quarter of this year.

    With Mitsubishi as a backer, Evercomm intends to leverage the Japanese multinational’s overseas network – particularly in Europe and Japan – for growth.

    Singapore SMEsESGSustainability reporting

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