# Newco Emitwise

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/newco-emitwise

- Industry: Environmental Services
- Headquarters: London, UK
- Website: www.emitwise.com
- Total disclosed funding: $17M
- Latest round: Series A (Mar 30, 2022)
- Investors on record: 7

## About

Newco Emitwise Limited offers innovative solutions for organizations seeking to decarbonize their supply chains, focusing on actionable insights and supplier accountability to reduce emissions.Founded in 2019 in London, UK, Newco Emitwise Limited specializes in carbon emissions management. The company has successfully raised a total of USD 10.00 mn in funding through 4 deals, with the most recent being a Series A round on March 30, 2022, led by Xplorer Capital, along with ArcTern Ventures, Lightbird Ventures, Outsized Ventures, and True Ventures. The founders include Ben Peddie, Eduardo Gómez, and Mauro Cozzi, with Mauro Cozzi serving as the CEO.Emitwise specializes in providing comprehensive solutions for companies aiming to decarbonize their complex supply chains, particularly focusing on reducing Scope 3 emissions. Their core offerings include a suite of tools designed to empower procurement teams with actionable insights and facilitate supplier accountability throughout their decarbonization journeys. Emitwise's platform utilizes one of the largest databases of primary corporate and product emission factors, enabling organizations to accurately assess product-level emissions and engage suppliers effectively, serving diverse clients across European and North American markets.Emitwise's revenue model is centered around subscription-based services, allowing clients to access the platform for ongoing support in managing and reporting emissions data. The company partners with large corporations focused on sustainability and compliance, integrating Emitwise's tools into their procurement processes through annual or multi-year subscriptions. This structured relationship enables clients to achieve and demonstrate progress towards their net-zero targets, with pricing plans tailored to the specific needs of each client.Following the Series A funding round on March 30, 2022, where Newco Emitwise Limited raised USD 10.00 mn, the company plans to enhance its AI-based carbon accounting software and strengthen ties with the manufacturing sector. The funds will support the development of new products aimed at improving emissions tracking and reporting. Furthermore, Emitwise is targeting expansion into additional international markets to broaden its client base and impact within the sustainability sector.

## Funding rounds

- Series A, Mar 30, 2022, $10M — True Ventures, ArcTern Ventures, Xplorer Capital, Outsized Ventures, Lightbird Ventures
- Seed, May 23, 2021, $3.2M — True Ventures, ArcTern Ventures, Social Impact Capital, Saltwater, Lightbird Ventures
- Seed, Sep 1, 2020, $3.4M — True Ventures, Social Impact Capital, Saltwater

## Investors

- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Seed, Series A
- Social Impact Capital (https://capitalatlas.ai/funds/social-impact-capital) — Seed
- Saltwater — Seed
- ArcTern Ventures (https://capitalatlas.ai/funds/arctern-ventures) — Seed, Series A
- Lightbird Ventures (https://capitalatlas.ai/funds/lightbird-ventures) — Seed, Series A
- Xplorer Capital (https://capitalatlas.ai/funds/xplorer-capital) — Series A
- Outsized Ventures (https://capitalatlas.ai/funds/outsized-ventures) — Series A