Balderton Capital, a venture capital firm led a $57m Series B round in Sylvera, a company that develops machine learning-based tools to track the performance of carbon offsets. “We are excited to invest in Sylvera and contribute to the next stage of their growth by exploring asset management use cases. The company’s trusted and unbiased data solves a critical need for asset managers by helping them to better evaluate Net Zero plans of investee companies across the globe. Sylvera‘s unique data platform also enables the creation of new sustainable investment products and educates investors about the quality of carbon offsets. The institutionalization of carbon markets is necessary to help corporates and investors achieve their Net Zero targets and we believe Sylvera will be a key driver in facilitating this," Erik Mostenicky, Fidelity International Strategic Ventures Principal.