- Zeroe’s platform helps companies measure, reduce, and report emissions to access sustainable financing.
- The startup raised $2.2M in seed funding led by Indonesian investor Owen Rahadiyan.
- The funding will support Zeroe’s expansion into Southeast Asian markets starting with Indonesia.
UAE-based climate tech startup Zeroe has raised $2.2 million in seed funding to scale its AI-powered enterprise carbon management platform. The funding round was led by Indonesian investor Owen Rahadiyan.
With climate change accelerating, companies face increasing pressure from regulators, customers, and investors to understand, reduce and report their carbon emissions. However, complex methodologies make carbon accounting difficult. This limits organizations’ ability to access sustainable finance instruments like green bonds or sustainability-linked loans which are critical for funding decarbonization initiatives.
Zeroe’s SaaS platform solves this problem by enabling enterprises to measure, analyze, reduce and report emissions data. Its easy-to-use interface equips companies with actionable insights to create and execute net-zero strategies. By aligning emissions data with prominent sustainable finance frameworks, Zeroe also unlocks access to capital markets for its customers.
As Farouk Jivani, Founder and CEO of Zeroe explained, “The urgency to act on climate change has never been greater, and it will exponentially increase in the coming years. This investment is a testament to our commitment to driving tangible change. We’re here to accelerate the enterprise decarbonization journey and unlock climate finance to fund the transition.”
With roots in Dubai and Los Angeles, Zeroe is led by experienced founders Jivani and Ali Najafian. Their mission is to empower organizations to achieve sustainability goals and make data-driven decisions leading to reduced emissions.
The startup has already witnessed rapid traction in the UAE enterprise market. Zeroe was also selected for the 2023 DIFC Fintech Accelerator cohort and is a signatory to ADGM’s Sustainable Finance Declaration.
The additional funding will boost Zeroe’s expansion into Southeast Asian markets starting with Indonesia. As sustainable business practices gain global prominence, the company aims to equip organizations worldwide with the tools and technology to successfully transition to a low-carbon future.
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Last Updated on December 22, 2023 by Safiya K
