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emitWise

emitWise

EmitWise helps large businesses monitor and reduce their carbon footprints.

Overview

EmitWise is an early-stage startup focused on helping large businesses monitor and manage their carbon footprint. The stated mission of the company is to help business transition to carbon neutrality, with the goal of supporting the fight towards climate change.

The company was started in June of 2019, and as of August 2019 it was live and running pilots with two large enterprises.

EmitWise's software audits the carbon footprint of businesses' operations and supply chains, helping them remain compliant, improve brand image, and reduce operating costs. The company works with enterprises, NGOs and the wider business community.

Platform

The emitWise tool integrates with internal systems such as ERPs, and sources publicly available information to map the carbon footprint of operations and supply chains. The emitWise Machine Learning platform then aggregates and analyzes extracted information to accurately estimate the carbon footprint resulting from every process, product, and supplier. EmitWise uses the Greenhouse Gas Protocol to convert the data into carbon dioxide equivalents. The emitWise dashboard is also capable of running emissions reduction simulations to help companies analyze the possible impact and outcome of reduction opportunities.

Customers

As of November 2020, emitWise had two customers, Spendesk and Seed, which both use their carbon accounting software. The product emitWise is offering is expected to grow as regulation drives carbon reduction and companies express more interest in creating net-zero carbon products and services.

Timeline

May 24, 2021
emitWise raises a $3,200,000 seed round from ArcTern Ventures, Saltwater Capital, Social Impact Capital and True Ventures.
October 30, 2020
Carbon tracking firm Emitwise raises $3.4m from Silicon Valley investors
September 1, 2020
emitWise raises a $3,400,000 seed round from Saltwater Capital, Social Impact Capital and True Ventures.

Funding rounds

People

Name
Role
LinkedIn

Ben Peddie

Co-Founder & CTO

Mauro Cozzi

Co-Founder & CEO

Further reading

Title
Author
Link
Type
Date

Carbon Accounting--Why It's More Than A Tick Box Exercise

Trevor Clawson

Web

November 19, 2020

This software can track a company's carbon emissions in real time

Adele Peters

Web

October 30, 2020

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Mike Butcher
May 24, 2021
TechCrunch
Emitwise, a startup that claims its AI platform can measure greenhouse gas emissions from companies and their supply chains, has added to its seed funding round by $3.2 million, bringing its total seed funding raised to $6.6 million. ArcTern Ventures led the $3.2m raise. Also participating were Angel investors including Peter Harrison, the CEO of [...]
Mike Butcher
May 24, 2021
TechCrunch
Emitwise, a startup that claims its AI platform can measure greenhouse gas emissions from companies and their supply chains, has added to its seed funding round by $3.2 million, bringing its total seed funding raised to $6.6 million. ArcTern Ventures led the $3.2m raise. Also participating were Angel investors including Peter Harrison, the CEO of [...]
Martin Coulter
November 15, 2020
Business Insider
The London-based firm's software allows companies to track their emissions in real time.

References

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