Gresham House Ventures has led a £4.65 million investment round in the climate impact data company Connect Earth.
Founded in 2021 and based in London, Connect Earth is an API-first environmental data provider that collaborates with banks and fintech companies to deliver transparent insights into the climate impact of their customers’ spending and investment choices. Since early 2022, the company has estimated carbon emissions for over 500 million financial transactions.
The funding will be utilized to expedite Connect Earth’s expansion among major corporations in Europe and the United States. The company has already initiated partnerships with financial institutions such as KBC Bank and strategic allies like FIS Global.
The investment round was led by Zixin Pan and Benjamin Faulkner and also attracted contributions from Love Ventures, Global Brain and its CVC partner The Norinchukin Bank, Portfolio Ventures, Super Capital VC, strategic angel investors, and existing backers Market One Capital, Mustard Seed MAZE, and Venista Ventures.
Nick Carmont, co-founder and chief technology officer at Connect Earth, expressed enthusiasm about the investment: “We are delighted to have secured this investment, which will enable us to significantly increase our capacity for working with new partners around the world. Connect Earth has the potential to make a huge impact on the financial sector, and this investment will accelerate our ambitions to become the environmental data backbone of financial services across the globe.”