Index Ventures and Insight Partners led a $32m Series A round in Sylvera.

Index Ventures, a venture capital firm, and Insight Partners, a private equity firm, led a $32m Series A round in Sylvera, a company which develops machine learning-based tools to track the performance of carbon offsets. “The market is one of the world’s most powerful tools against climate change. But we need reliable data to determine the quality of carbon offsets, in order to incentivize people to invest in the projects that are actually doing good and to reward the project developers doing good work. That’s why we’re building the most accurate ratings for the Voluntary Carbon Market. We’ll use the funding to expand our coverage so that, with our ratings, corporate sustainability leaders, carbon traders, and policymakers will have clarity, confidence and choice when evaluating and investing in carbon projects. This is how you move billions of dollars into carbon abatement, sequestration and removal,” Allister Furey, Sylvera Co-Founder and CEO.