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Pathzero launches carbon footprint initiative with $1m seed investment
Start-up Pathzero secured its $1 million seed investment to begin measuring carbon footprints in small and medium-sized businesses.
Naomi Neilson
Firm: Gilbert + Tobin (Pathzero)
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Deal: Gilbert + Tobin (G+T) has advised an early-stage Australian climate start-up, Pathzero, on its $1 million seed investment.
Value: $1 million.
Area: Fintech.
Key players: The team was led by partner and head of fintech practice Peter Reeves alongside lawyer Richard Francis.
Deal significance: Pathzero is a pioneering emissions management platform that enables small and medium-sized enterprises to measure their carbon footprints, reduce their impact and share carbon neutrality through a self-serve web application.
The latest round of investments was backed by Antler, Black Nova Group and former Australian Ethical Investment chief executive Phil Vernon, along with former Westpac chief executive Brian Hartzer and former GetUp! director and activist Simon Sheikh.
Mr Reeves and Mr Francis commented: “We were delighted to be able to help Pathzero as it sets out to tackle such an important task to help businesses achieve carbon neutrality. We are generously very inspired by Antler’s approach to launching Australia’s new technology companies.”
