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Australian Greentech Firm Secures $5.8M In A Series A Extension

Dec 13, 2022about 3 years ago

Amount Raised

$5.8 Million

Round Type

series a

SydneyCannabis

Investors

Clyde Bank HoldingsCarthona Capital

Description

Pathzero, an Australia-based greentech startup, has raised A$8.6 million (around US$5.8 million) in an extension of its series A round led by Carthona Capital, with participation from Clyde Bank Holdings and Antler.

Company Information

Company

Pathzero

Location

Sydney, New South Wales, Australia

About

Pathzero's mission is to accelerate the decarbonisation of the global economy. We facilitate the measurement and management of corporate and financed emissions by combining a powerful SaaS platform with a team of carbon experts. Our approach delivers high-integrity carbon information through compliant and consistent methodologies and facilitates collaboration between financial institutions and their partners to establish and execute ambitious decarbonisation programs at scale.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers