In the fast-paced world of climatetech, BeZero Carbon stands out as a beacon of hope for those seeking to mitigate their carbon footprint. With the recent announcement of a $32 million Series C funding round, the company is gearing up to expand its global carbon ratings services like never before.
Founded as a global ratings agency specializing in the voluntary carbon market, BeZero Carbon has been at the forefront of providing independent assessments of carbon credits’ effectiveness in reducing or removing CO2 emissions. Their comprehensive analytical framework evaluates carbon projects based on various risk factors and assigns ratings on a seven-point scale ranging from AAA to D.
As news broke about their latest fundraising success, it became evident that BeZero Carbon’s impact goes far beyond just financial figures. The company’s mission to uphold independent, risk-based project-level ratings as a benchmark for quality in carbon markets has garnered attention from major corporations, countries, international organizations such as the European Union and United Nations, and industry initiatives like CORSIA.
One key aspect that sets BeZero Carbon apart is its ability to correlate the climate impact of a carbon project with the price of a carbon credit. Back in 2022 when they first launched their ratings platform, this connection was virtually non-existent. Fast forward to 2025, and every incremental notch on BeZero’s 8-point rating scale commands an impressive 40% price premium—a testament to their influence on market dynamics.
With customers spanning over 30 countries across six continents and more than 100 corporate subscribers globally—including big names like UBS, Sumitomo, Emirates NDB, Equinor, Woodside Energy, and ERM—BeZero Carbon has firmly established itself as a trusted authority in the realm of carbon assessment.
Tommy Ricketts, CEO and co-founder of BeZero Carbon, expressed his excitement about utilizing the new funds not only for expanding their ratings coverage but also for investing in automation. He emphasized how crucial it is for them to keep pace with innovation while catering to compliance markets such as Article 6 and CORSIA alongside voluntary markets.
The recent Series C funding round was led by Temasek-founded GenZero along with investments from Japan Airlines and Translink Innovation Fund. Existing investors like EDF Pulse Ventures, Hitachi Ventures, Illuminate Financial, Intercontinental Exchange (ICE), Molten Ventures among others also showed confidence in BeZero’s vision by injecting fresh capital into the company.
Ad Frederick Teo from GenZero highlighted how BeZero’s data-driven approach fosters confidence in carbon markets by analyzing projects thoroughly—an effort that could potentially attract more capital inflow while boosting demand for sustainable practices worldwide.
Takao Suzuki from Japan Airlines echoed this sentiment by shedding light on their proactive emission reduction strategies which include participation in carbon credit trading facilitated by partners like BeZero. For him—and many others—the transparency and reliability offered by BeZero’s carbon ratings play a pivotal role in achieving net-zero CO2 emissions globally.
As we witness BeZero Carbon taking giant strides towards reshaping the landscape of carbon markets through innovation and integrity backed by substantial funding support—there’s no doubt that they are well-positioned to lead us into a greener future one rating at a time.
Leave feedback about this