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London’s Carbon Data Provider Sylvera Raises $57 Million In Series B Round, Plans Us Expansion

Jul 18, 2023over 2 years ago

Amount Raised

$57 Million

Round Type

series b

LondonEnvironmental Services

Investors

9 Yards CapitalFidelity Strategic VenturesLocal GlobeSeedcampSpeedinvestSalesforce VenturesBain & CompanyInsight PartnersIndex VenturesBalderton’s LeadBalderton

Description

London’s carbon data provider Sylvera has raised $57 million in a Series B funding round led by Balderton. The capital is earmarked to bolster the company’s engineering and product teams as it gears up for international expansion into the US market. Since late 2020, Sylvera has raised just over $95 million.

Company Information

Company

Sylvera

Location

London, England, United Kingdom

About

Sylvera is a leading carbon data provider. Our mission is to incentivize investment in real climate action. To help organizations ensure they're making the most effective investments toward net zero, we build software that independently and accurately automates the evaluation of carbon projects that capture, remove, or avoid emissions. With Sylvera's data and tools, businesses and governments can confidently invest in, benchmark, deliver, and report real climate impact.

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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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech