BeZero Carbon Secures £26m Series C Backing for Net Zero Expansion

BeZero Carbon, a global carbon ratings agency headquartered in London, has successfully raised £26 million in a Series C investment round. This funding round was led by decarbonisation-focused global investment firm GenZero, and saw participation from the Japan Airlines and Translink Innovation Fund, alongside existing backers including EDF Pulse Ventures and Molten Ventures. The investment reinforces the agency’s independent, risk-based, project-level carbon market ratings, deemed essential for verifying the quality of carbon credits. BeZero's platform offers ratings and data covering over 480 carbon credit projects, used by more than 100 corporate clients globally, including major companies like UBS and Equinor. The fund will be directed towards expanding the firm's ratings coverage to more carbon markets, further aiding in climate finance growth. BeZero plans to bolster their presence in key markets like Singapore, with co-founder Sebastien Cross relocating there temporarily. The UK government has welcomed this investment, viewing it as a sign of strength in the UK's innovative green tech industry.