# BeZero Carbon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bezero-carbon

- Industry: Software
- Headquarters: London, UK
- Website: www.bezerocarbon.com
- Total disclosed funding: $105M
- Latest round: Series C (Jan 16, 2025)
- Investors on record: 12

## About

Based in the UK, BeZero Carbon Ltd operates as a provider of innovative carbon ratings and risk analytics, focusing on enabling effective climate change mitigation strategies for various stakeholders in the carbon market.Founded in 2020 in London, UK, BeZero Carbon Ltd specializes in independent carbon ratings and analytics. The company has completed 4 deals to date, with its most recent funding round occurring on January 16, 2025, where it raised USD 32 mn in Series C funding led by GenZero. Founders Sebastien Cross and Tommy Ricketts have extensive backgrounds in the sector, with Tommy Ricketts currently serving as CEO.BeZero Carbon offers a suite of innovative products centered around independent, risk-based carbon ratings tailored for various stages of carbon project life cycles. Their primary service includes comprehensive ratings and risk analytics, which are grounded in verified project documents, extensive developer engagement, and independent analysis. These services are designed to assist investors in evaluating and investing in carbon projects, thereby facilitating effective climate change mitigation strategies. BeZero Carbon's client base primarily includes carbon project developers, investors, and businesses seeking to enhance their environmental impact by accessing high-integrity carbon credits. Geographically, BeZero Carbon's products are marketed not only in the UK but also across major carbon markets globally, including North America, Europe, and parts of Asia, particularly where carbon trading and project development are gaining traction.In the most recent financial year, 2024, BeZero Carbon generated revenue amounting to USD 3.13 mn, while reporting an EBITDA of USD -21.98 mn. The revenue is derived from a structured model that includes subscription-based access to their ratings platform and analytics tools, primarily engaging with clients on a B2B basis.In January 2025, BeZero Carbon Ltd raised USD 32 mn in Series C funding to expand its ratings coverage for compliance and voluntary carbon markets and enhance its technological capabilities, including automation and artificial intelligence. The company plans to develop new products designed to improve its offerings and is targeting expansion into additional markets, focusing on carbon trading regions worldwide as part of its growth strategy.

## Funding rounds

- Series C, Jan 16, 2025, $32M — Molten Ventures, Quantum Capital Group, TransLink Capital, Intercontinental Exchange, Inc., Illuminate Financial, Hitachi Ventures, QIMA Limited, EDF Pulse Ventures, GenZero
- Series B, Aug 23, 2022, $50M — Molten Ventures, Quantum Capital Group, Intercontinental Exchange, Inc., Illuminate Financial, Norrsken VC, Contrarian Ventures, Hitachi Ventures, QIMA Limited, EDF Pulse Ventures
- Series A, Mar 9, 2022, $20M — Molten Ventures, Norrsken VC, Extantia
- Seed, Oct 27, 2021, $2.7M — Illuminate Financial, Contrarian Ventures

## Investors

- Illuminate Financial (https://capitalatlas.ai/funds/illuminate-financial) — Seed, Series B, Series C
- Contrarian Ventures (https://capitalatlas.ai/funds/contrarian-ventures) — Seed, Series B
- Molten Ventures (https://capitalatlas.ai/funds/molten-ventures) — Series A, Series B, Series C
- Norrsken VC (https://capitalatlas.ai/funds/norrsken-vc) — Series A, Series B
- Extantia (https://capitalatlas.ai/funds/extantia) — Series A
- Quantum Capital Group (https://capitalatlas.ai/funds/quantum-capital-group) — Series B, Series C
- Intercontinental Exchange, Inc. — Series B, Series C
- Hitachi Ventures (https://capitalatlas.ai/funds/hitachi-ventures) — Series B, Series C
- QIMA Limited — Series B, Series C
- EDF Pulse Ventures (https://capitalatlas.ai/funds/edf-pulse-ventures) — Series B, Series C
- TransLink Capital (https://capitalatlas.ai/funds/translink-capital) — Series C
- GenZero — Series C