Climate tech startup Zuno Carbon raises US$2.5 million in seed funding

CLIMATE technology startup Zuno Carbon has obtained US$2.5 million in seed funding, it said on Tuesday (Jul 25).

Venture capital firm Wavemaker Partners led the round, which included participation from Enterprise Singapore’s investment arm Seeds Capital and Blue InCube Ventures.

The latest funding round follows a pre-seed round in June 2022, bringing the total amount raised in the past 12 months to over US$3 million.

The Singapore-based startup said the funds will be used to enhance its sales and marketing efforts, launch new features to further simplify compliance, and support tangible actions to catalyse decarbonisation.

Founded in 2020, Zuno Carbon is a provider of decarbonisation solutions. It has an environmental, social and governance management platform, Veridis, which helps companies track and report their greenhouse gas emissions (GHG).

Companies are able to log operational data to monitor direct and indirect GHG emissions via the platform, which is powered by artificial intelligence. The platform also analyses the data collected, generates sustainability reports and makes actionable recommendations.

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The platform has been deployed in the oil and gas, logistics and real estate sectors. It is also used by companies in Singapore, Malaysia and Saudi Arabia to lower their carbon emissions “through data-driven decisions”, said Zuno Carbon CEO Hari Nair.

Besides Nair, Zuno Carbon’s executive team includes chief technology officer Jon Adams, chief operating officer Tao Zhang, and vice-president for engineering Jason Wong.