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Normative Raises USD 31M to Support Business Sustainability

By ET Bureau - July 22, 2022 1 Mins Read

Normative raises USD 31M to support business sustainability

Swedish start-up Normative AB announced that it has raised USD 31 million in a new round of funding to build out its carbon accounting platform. 

The Series B investment, which was led by Blume Equity, also featured current investors Future Five, ETF Partners, and 2150 in addition to new investor Horizons Ventures. Only nine months have passed since the company’s USD 10 million Series A round was closed before the raise. Normative claims that its innovative technology can more precisely assess the carbon emissions produced by supply networks for commercial enterprises. 

According to the start-up, businesses require precise and useful supply chain analytics in order to achieve net zero emissions.

Read More: Carbon accounting startup Normative raises $31M to help companies go green

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