AMEE, a company that provides Internet-based calculation and storage of the carbon footprints, has received ‘substantial’ Series A funding from O’Reilly Alphatech Ventures (OATV), Union Square Ventures (USV) and The Accelerator Group (TAG).
The level of funding hasn’t been revealed is a “‘7 figure’ sum (GBP)”, but sourced from VC fund from the UK and US, AMEE will use it to expand the data it has collected already and extend its reach globally.
Currently holding data from 150 countries, AMEE’s ambition is to collect and store data enabling it to calculate the Carbon Footprint of every item on Earth.
It’s a bold ambition, but following their success with initial users – UK Government (Defra/DECC); Morgan Stanley; Google; Radiohead; Nesta; the Irish Government; the Welsh Assembly; the Energy Saving Trust; BRE; Sun Microsystems, along with numerous other IT, business services and software companies – it’s already built strong foundations helping it to achieve it.
Funding? Now?
It’s a testament to those behind AMEE and what AMEE is aiming to achieve that they’ve been able to raise funds in a period where most people are trying to find it hard to raise the price of a cup of tea.
We know that O’Reilly have been particularly keen to be involved as it fits so well with their remit to “invest in stuff that matters.”
Background on AMEE
If you want to catch up on AMEE, the Avoiding Mass Extinction Engine, have a listen to the podcast that we did with its founder, Gavin Starks, back in October – it will open your mind.