Climate tech startup 51-0 has raised £400,000 to develop its platform that automates data collection and administration for customers looking to decarbonize their businesses.

The London-based company aims to reduce the time a business spends on carbon administration so it can focus on decarbonisation efforts instead.

According to 51-0, companies – especially those with a global reach – must set aside up to nine months to carry out carbon administration processes that include tracking and reporting emissions. This leads to a situation where the data at the end of the process may already be out of date, says 51-0.

51-0’s platform uses API integrations to consolidate a company’s carbon footprint data by combining information from all departments, offices and locations. The company says this approach can streamline the emissions reporting process and provide support for climate change.

The startup said there are more than 12,000 businesses in the UK alone that are required under the regulation to report carbon emissions, with a further 60,000 in the EU.

The funding round was led by Fuel Ventures SEIS fundmarking the VC’s first foray into climate technology.

“51-0 is the first climate technology platform that Fuel Ventures has invested in, and we couldn’t have hoped to work with two stronger, more climate-passionate founders than Neil and Richard,” said Fuel Ventures’ Mike Stevenson.

“We are excited to help guide and accelerate 51-0’s growth as they address the globally significant challenge of reducing corporate carbon emissions.”

Climate startup 51-0 raises £400,000 for carbon admin platform

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