Total amount raised
$95.3 Millions
Latest funding date
Location
Sylvera has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers trusted ratings, tools, and data for carbon credits and Carbon Dioxide Removal (CDR).
Keep reading to explore the intricacies of Sylvera's fundraising journey and the investors backing this innovative platform.
What Is Sylvera?
Sylvera, founded in 2020 by Allister Furey and Samuel Gill, is based in London, England. The company specializes in developing machine learning-based tools to track the performance of carbon offsets.
With a team of 101-250 employees, Sylvera provides trusted ratings, tools, and data for carbon credits and Carbon Dioxide Removal (CDR). Their platform offers comprehensive solutions for discovering, evaluating, investing in, and monitoring carbon credit projects.
Sylvera's mission is to incentivize real-world climate action by offering detailed ratings, policy insights, and market data to help companies, investors, and governments make informed decisions about carbon projects.
How Much Funding Has Sylvera Raised?
- Pre-Seed Round
- Amount Raised: Not disclosed
- Date: November 2020
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the core technology and validate the business model.
- Seed Round
- Amount Raised: $5.8M
- Date: May 2021
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the team and further develop the platform's capabilities.
- Series A
- Amount Raised: $32.6M
- Date: January 2022
- Lead Investors: Index Ventures, Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance data accuracy.
- Series A (Additional)
- Amount Raised: Not disclosed
- Date: December 2021
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and product development.
- Series B
- Amount Raised: $57M
- Date: July 2023
- Lead Investors: Balderton Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into the US market and enhance the platform with new data.
- Venture Round
- Amount Raised: Not disclosed
- Date: December 2024
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at further developing machine learning tools and expanding market reach.
Total Amount Raised: $96M
Current Valuation: Not publicly disclosed
Key Investors
- Balderton Capital
- Details: Balderton Capital is a London-based venture capital firm that focuses on early-stage, technology-driven companies. They have a strong track record of supporting high-growth startups.
- Investment Focus Areas: Technology startups, sustainability, climate impact.
- Notable Investments: Revolut, Citymapper, The Hut Group.
- Index Ventures
- Details: Index Ventures is a venture capital firm that invests in technology and life sciences companies. They have a global presence and a history of backing successful startups.
- Investment Focus Areas: Technology, life sciences, software.
- Notable Investments: Dropbox, Slack, Robinhood.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm that invests in growth-stage technology and software companies. They focus on scaling businesses to achieve significant growth.
- Investment Focus Areas: Software, internet businesses, technology.
- Notable Investments: Twitter, Shopify, Qualtrics.
- Salesforce Ventures
- Details: Salesforce Ventures is the corporate venture arm of Salesforce, focusing on enterprise cloud companies. They aim to support the next generation of enterprise technology.
- Investment Focus Areas: Enterprise cloud, software, technology.
- Notable Investments: Zoom, DocuSign, Twilio.
- Speedinvest
- Details: Speedinvest is a European venture capital firm that invests in early-stage technology startups. They provide hands-on support to help companies scale.
- Investment Focus Areas: Fintech, deep tech, marketplaces, digital health.
- Notable Investments: Wefox, Bitpanda, TIER Mobility.
What's Next for Sylvera?
Sylvera's future looks promising as it expands into the US market, opening an office in New York. This move aims to integrate Sylvera into the financial services infrastructure, potentially doubling its US team and significantly increasing its customer base, which already includes major financial institutions and governments.
With the carbon market's rapid growth and the increasing demand for accurate data to support net-zero targets, Sylvera is well-positioned for future fundraising opportunities. The company may attract further investment rounds to support its technological advancements and market expansion.
However, challenges lie ahead. Ensuring the accuracy and reliability of data in a complex carbon market, scaling operations, and navigating regulatory differences in the US are significant hurdles. Despite these challenges, Sylvera's commitment to providing transparent and accurate carbon data positions it as a key player in the climate tech industry.
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