This brings the start-up’s total funding to date about US$100 million. The company rates carbon projects for the voluntary carbon market, which has in recent years been thrown into crisis by scandals around integrity.
Temasek Holdings’ GenZero has led a US$32 million ($43.80 million) Series C round into a UK-based carbon ratings agency called BeZero Carbon. GenZero is joined by investors Japan Airlines and Translink Innovation Fund.
Founded in 2020, BeZero’s last funding round was a Series B fundraise at US$50 million led by US-based fund Quantum Energy Partners.
