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BeZero Carbon, a London-based global carbon ratings agency, has raised £26m in a Series C funding round led by GenZero, with participation from Japan Airlines and Translink Innovation Fund. Existing investors, including EDF Pulse Ventures, Hitachi Ventures, Illuminate Financial, Intercontinental Exchange (ICE), Molten Ventures, Qima, and Quantum Innovation Fund, also contributed. The investment will support the expansion of BeZero's ratings coverage across compliance carbon markets, such as Article 6 and the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), as well as the voluntary carbon market.
Founded by Tommy Ricketts and Sebastien Cross, BeZero Carbon provides independent, risk-based assessments of carbon credit projects, enabling market participants to make informed decisions. The company's platform offers ratings, data, and scientific analysis for over 480 carbon credit projects, serving more than 100 corporate subscribers globally, including UBS, Sumitomo, Emirates NBD, Equinor, Woodside Energy, and ERM.
The new funding will also facilitate investments in automation and artificial intelligence to deliver ratings and risk analytics at scale, positioning BeZero Carbon to enhance transparency and integrity in carbon markets worldwide.
