Deals
Carbon Checker Normative Raises Funds From Billionaire Li, Blume
- Normative raises 31 million euros in latest fundraising
- Companies face pressure to accurately report carbon footprint
Li Ka-shing
Photographer: Anthony Kwan/BloombergThis article is for subscribers only.
Carbon accounting startup Normative raised 31 million euros ($31.5 million) from investors including Hong Kong tycoon Li Ka-shing, as businesses come under greater pressure to better measure their environmental impact.
Li’s Horizons Ventures participated in the Swedish firm’s series B funding round as a new investor, according to a statement. European growth investor Blume Equity led the round, which also drew existing backers ETF Partners, 2150 and Future Five.