From our pre-seed to a $7.8M seed led by Index, Sylvera brings much needed clarity to carbon offset markets

This post is by Kate McGinn from Seedcamp

The Sylvera team, including founders Dr. Allister Furey (top left) and Samuel Gill (top middle)

By 2030, Ikea, Microsoft, Apple, KPMG, the BBC and Burger King all have grandiose aims to become net zero. These companies are not alone in their commitment to sustainability. In fact, 21 percent of the world’s largest 2000 public companies have committed to meeting net zero targets. And regardless of whether these goals are intended as a publicity stunt or an honest concern for the environment, data to make carbon offsetting decisions is instrumental for businesses to take considered action. This is what Sylvera aims to tackle. Founded by Dr. Allister Furey and Samuel Gill, Sylvera is the world’s first carbon offset ratings provider. It leverages geospatial data, machine learning and proprietary climate data to create a reliable and transparent assessment of carbon offset projects.

We backed the team last year with the strong conviction that Allister and Samuel had what it took to bring a new level of transparency to a market that is expected to grow tremendously over the next few years. After months of hard work building and scaling their platform, we are thrilled to congratulate the entire Sylvera team today on raising a $7.8M seed round led by our friends at Index Ventures with participation from SpeedInvest and Revent. Prominent angels include existing and former CEOs of NYSE, Thomson Reuters, Citibank and IHS Markit.

“We founded Sylvera because we believed that in order to reach net zero, the world will (Read more...)