Sylvera raises $57m in Series B driving transparency in carbon trading markets

Monday 31st July, 2023

Marriott Harrison was pleased to advise leading European venture capital investor, Balderton, on their investment into Sylvera, the carbon-offset data, ratings and analytics platform. The round also saw participation from existing investors Index Ventures, Insight Partners, Salesforce Ventures, Speedinvest, Seedcamp and LocalGlobe. New investors included Fidelity Strategic Ventures, Bain & Company and 9Yards Capital.

Founded in 2020 in the UK, Sylvera is a tool used by companies and governments to invest in carbon credits and effectively report on their impact. At present, a lack of data makes it impossible for companies to measure their output and create a successful plan for how to achieve their net zero goals by 2050. Combining new technology with carbon measurement methodologies, Sylvera provides ratings and data assessing climate action investments, driving transparency in carbon trading markets and allowing companies to reach their net zero goals.

With the funding, Sylvera plans to expand into the US market where it is opening a New York office and building up a local team to target US financial services companies.

Marriott Harrison was pleased to support long-standing client Balderton on another investment and to be involved in another ESG initiative. The MH team was led by David Strong and Bradley Heath and included Ben Cole, Chris Mooney, Ed Belam and Elisabetta Bestetti.

#netzero #seriesb #venturecapital

Articles by Bradley Heath