A carbon management startup has raised £7.6 million in Series A funding to target the industrial sector.

Emitwise, aiming to accelerate the rapid decarbonisation of the economy in order to meet global emissions targets, also appointed former Unilever executive Steve Bianchi as COO.

With a career spanning nearly 30 years, including time spent at Unilever, Deutsche Bank and Zalando, he brings a wealth of expertise in talent acquisition, people management and productivity planning.

The investment, led by Xplorer Capital, will enable further development of its AI-driven carbon accounting software and deeper partnership with the manufacturing sector, the biggest contributor to global greenhouse gas emissions.

Alongside Xplorer Capital there was strong participation from Outsized Ventures, True Ventures, and ArcTern Ventures. 

Historically, identifying carbon hotspots within large organisations, particularly those with complex supply chains, has proven prohibitively expensive, inaccurate and time consuming. By automating the integration and calculation of carbon data, Emitwise’s software allows large multinationals to measure, track and reduce their emissions across their own operations – as well as that of their supply chains.

“Significantly reducing carbon is both a planetary and business imperative. With businesses under ever-increasing scrutiny, the need for accurate and accessible emissions data is critical,” said Mauro Cozzi, CEO and co-founder (pictured). 

“Emitwise democratises carbon information across a business’ supply chain so that decision-makers at every level can work towards all-out transformation. Our product has been designed to address customers’ pain points around data collection, transparency and analysis, and enables those in the highest polluting sectors to make critical decisions at a micro level. 

“To announce this funding round alongside the hiring of Steve Bianchi further highlights the extent of our growth ambitions. Steve brings an extraordinary level of experience in operational development and a passion for attracting and retaining great talent.”

‘I encourage my staff to fail 85% of the time’