Australian Pathzero Raises Fresh Funding for Financed Emissions Tool

The company has developed a Pathzero Navigator tool to provide private investors with an initial PCAF-compliant estimate of their financed emissions

Pathzero emissions

Australian Pathzero Raises Fresh Funding for Financed Emissions Tool. Source: pexels.com

Pathzero, a SaaS-based company specialising in the management of financed emissions in private markets, has raised AUD $8.6 million in a Series A+ round. The fresh fundraiser brings total funding to AUD $15.6 million.

Pathzero is mainly backed by VC firm Carthona Capital, with participation from Clyde Bank Holdings, Antler and individuals. Its data-driven portfolio alignment tool Pathzero Navigator comes in handy as the first mandatory requirement around climate reporting could be in place by 2024-2025. 

Pathzero Navigator was created specifically for financial institutions to measure, manage and disclose the financed carbon emissions of their investment portfolio. With its help, investment firms can prepare for coming regulatory requirements and align their portfolios and activities with the goals of the Paris Agreement.

Besides, the company’s sustainability consultants can assist private firms with attaining third-party certification under the Climate Active Carbon Neutral Organisation Standard.

The tool is already used by StepStone, Blackbird, Hesta and Carthona Capital, among others, facilitating the secure flow of carbon information between trusted parties.

“Since the roll-out of Navigator we have seen immense interest from the market and have closed some cornerstone deals. This interest reflects the critical need for technology that enables collaboration between businesses to solve the Scope 3 challenge at scale. The gamechanger for us has been to go beyond carbon accounting and create a carbon information network allowing firms to engage and collaborate with their portfolio companies to bring down emissions.”
Carl Prins, CEO, Pathzero

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