Investment Rationale · Balderton Capital
Product
Sylvera builds software that independently automates the evaluation and rating of carbon projects that capture, remove, or avoid emissions.
To help organisations ensure they’re making the most effective investments, Sylvera builds software that independently and accurately automates the evaluation of carbon projects that capture, remove, or avoid emissions.
Traction
Sylvera achieved sevenfold growth in its customer base since January 2022, forming partnerships with S&P Global and onboarding financial institutions and governments.
Since January 2022 the company saw sevenfold growth in its customer base, forging partnerships with firms including S&P Global, and bringing on clients ranging from major financial services institutions to sovereign governments.
Team
Sylvera expanded its leadership team by hiring Serge Kruppa, formerly of Checkout.com and Twilio, as Chief Technical Officer.
Recently, the company added a Chief Technical Officer to its leadership team, Serge Kruppa, who led engineering functions within strategic business units at Checkout.com and Twilio.
Competition
Sylvera has proven to be the market leader in evaluating carbon projects and providing carbon market data.
Sylvera has proven to be the market leader in this emerging field and we are excited to be joining them on the next phase of the journey and their work in accelerating the roll-out of data, tools and software in order to steer a path to reducing damaging climate change.
Investment context
Sylvera raised a $57 million Series B funding round led by Balderton to drive US expansion and incentivize climate impact investments.
The funding was led by Balderton, and will be used to incentivise investment in real climate impact and fuel US expansion.
What founders can learn
- The traction evidence that carried weight: Balderton Capital wrote that Sylvera achieved sevenfold growth in its customer base since January 2022, forming partnerships with S&P Global and onboarding financial institutions and governments.
- How the team was judged: Balderton Capital wrote that Sylvera expanded its leadership team by hiring Serge Kruppa, formerly of Checkout.com and Twilio, as Chief Technical Officer.
Source and provenance
Investment Rationale published by Balderton Capital on balderton.com (first-party source). Read the original
