UAE-based AI-powered carbon management platform Zeroe has closed its series seed funding round oversubscribed at US$2.2 million.
The investment round, led by Indonesian investor Owen Rahadiyan, will help the company expand into Southeast Asia.
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Zeroe was founded by Dubai- and Los Angeles-based Farouk Jivani and Ali Najafian.
As regulators, customers, and capital increase, organisations face pressure to measure and reduce their emissions. Zeroe aims to decarbonise enterprises by offering a SaaS platform that allows them to measure emissions and report on decarbonisation performance to various stakeholders.
Zeroe empowers organisations to make data-driven decisions, achieve sustainability goals, and create long-term shareholder value.
The new funds will also accelerate the company’s mission to facilitate decarbonisation and the transition to net zero, building on the launch of its platform to enterprise customers in the UAE.
Farouk Jivani, Founder and CEO of Zeroe, said: “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 decarbonisation journey and unlock climate finance to fund the transition.”
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Zeroe was one of the 20 startups selected for DIFC’s Fintech Accelerator for 2023, a signatory to Abu Dhabi Global Market’s Sustainable Finance Declaration, and a founding member of the Carbon Accounting Alliance.
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