Pioneering climate-tech company, 51toCarbonZero, has secured £3 million in funding to expand and enhance its next-generation platform. Fuel Ventures led the investment for the sustainability business, which ensures effective corporate transition to net zero while boosting clients’ business performance. The £3 million funding round includes contributions from angel investors, and follows a previous investment by Fuel Ventures, reflecting the significant growth 51toCarbonZero has achieved.
51toCarbonZero specialises in a growing number of sectors including advertising, sports, entertainment, food and beverage, logistics, automotive and financial services. This additional funding will enable 51toCarbonZero to extend its climate-success platform to a greater number of businesses and sectors across the UK, Europe, and the US.
The investment will also facilitate the advancement of its platform to better leverage AI and enhance the client experience, making carbon management and reduction more intuitive and effective.
Prof. Neil Woodcock, Co-Founder & Executive Chairman of 51toCarbonZero, commented: "This investment marks a pivotal moment for 51toCarbonZero. With Fuel Ventures' continued support, we're poised to extend our reach and enhance our platform's capabilities, particularly through AI integration. Our mission is to simplify the path to net-zero for companies worldwide, so we can help reduce global emissions by 500m tonnes CO2e, and this funding brings us closer to achieving that."
Mark Pearson, Founder of Fuel Ventures, said: "Our continued investment in 51toCarbonZero underscores our confidence in their mission and the impressive progress they've made since our previous investment. The 51toCarbon Zero team have developed a platform that not only addresses the urgent need for emissions management but also empowers companies to take actionable steps towards sustainability. We're excited to support their expansion into new markets and industries."