Our Role in CO2 AI's $12M Seed Round Funding

Regulations in North America and Europe are pushing companies to track and declare their carbon emissions, but currently 91% are not aware of exactly how much they are producing. Even though organizations are striving to become carbon neutral, most do not have the capacity to measure, examine and report on their emissions. For this reason, Unusual Ventures is delighted to lead CO2 AI's Seed round of fundraising, after it was incubated within Boston Consulting Group (BCG). We are enthusiastic about taking the lead in this $12M investment and aiding CO2 AI in its growth across Europe and North America. CO2 AI is developing a comprehensive sustainability management software suite. By leveraging their experience in providing climate strategy guidance to top-tier companies, they have tailored a program to help complex organizations estimate their environmental effects and plot out the best plans to shrink their carbon footprints. The solution was built upon data obtained from BCG's Fortune 2000 customers, which is CO2 AI's competitive edge, over the prior three years. We decided to invest in CO2 AI because we believe it is the best way to reduce carbon emissions and create a more sustainable environment. CO2 AI is a platform that helps large enterprises to measure, reduce, and collaborate on their carbon footprint in order to achieve their objectives of reaching net-zero. It collects significant detail from the enterprises and intelligently matches the information with their database of more than 110K emission factors. This database is comprised of public, private, and proprietary data from the clients. CO2 AI's development has been facilitated by their incubation and access to unique data from BCG, allowing them to create the most precise and effective platform available. They have also entered a strategic alliance with the Carbon Disclosure Project (CDP) in 2022, with the goal of jointly expanding their Product Ecosystem. 18.7K businesses currently report their emissions to the CDP, and 680 investors with $130T in assets have asked companies to make declarations of climate change and water security via CDP. Businesses now can use the CO2 AI platform to comprehend and chart their present emissions over intricate supply chains and run simulations of conservation efforts to decrease their discharges further. By assessing strategy ideas against the target of emission diminution, users can quickly share that information within their firm. Already, CO2 AI has signed several collaborations with sizable organizations in North America and Europe. CO2 AI is headed by a reliable squad in the sphere of climate who have a solid basis in data science and the climate change environment, allowing them to construct a renowned brand in carbon accounting. Charlotte Degot, who is the CEO/Founder, was the managing director and partner at BCG’s advanced analytics and data science department. She was also singled out as an MIT Under 35 Innovator for her accomplishments in data science and leadership. Florian Jourda is the CTO of CO2 AI, previously employed as the first software engineer and principal engineer at Box for eight years. We are firm adherents of the power AI and data can wield in regards to the formation of strategic plans and the decisions made in the carbon accounting business. CO2 AI has established a top-notch platform that carries its own data for overseeing environmental sustainability. The Unusual Ventures team is proud to be collaborating with Charlotte, Florian, and the entire CO2 AI team in their endeavor to create an influential technology for companies worldwide. Further information regarding CO2 AI can be obtained by visiting co2ai.com. Let's move ahead!

Source: https://medium.com/@TylerCrown/why-were-leading-co2-ai-s-12m-seed-round-c4a7d645108b?source=rss------fintech-5