Insider Brief
- UAE-based Zeroe closed its series seed funding round with $2.2 million, led by Indonesian investor Owen Rahadiyan, to advance its AI-enabled enterprise SaaS platform focused on decarbonization and net zero transition.
- Zeroe’s platform aids companies in measuring emissions and decarbonization performance, aligning with sustainable finance frameworks to access crucial capital, and responding to increasing regulatory and stakeholder pressures for emissions reduction.
- Founded by Farouk Jivani and Ali Najafian, Zeroe is committed to accelerating enterprise decarbonization journeys, providing data-driven tools for sustainable decision-making and long-term shareholder value, with recognition in programs like DIFC’s Fintech Accelerator and partnerships in sustainable finance initiatives.
PRESS RELEASE — UAE/December 21, 2023 — UAE-based Zeroe, an AI-enabled enterprise SaaS platform, announced the close of its series seed funding round. The oversubscribed round raised $2.2 million in new capital to fuel the company’s next phase of growth. The round was led by Indonesian investor Owen Rahadiyan, who provided access to key Southeast Asian growth markets. This investment accelerates the company’s mission to facilitate decarbonization and the transition to net zero, building on the successful launch of its platform to enterprise customers in the UAE.
Unlocking Access and Deployment to Climate Finance
Zeroe’s SaaS platform allows companies to comprehensively measure emissions and report on decarbonization performance to a wide variety of stakeholders. As regulators, customers, and capital all increase, so does the pressure organisations face to measure and reduce their emissions. Zeroe provides enterprises with the tools and insights needed to not only understand and reduce their carbon footprint but also to align with sustainable finance frameworks, which are key to accessing the capital critical to this transition.
Zeroe’s Vision for a Sustainable Future
Farouk Jivani, Founder and CEO of Zeroe, emphasises the importance of this funding in realising the company’s vision: “The urgency to act on climate change has never been greater, and it will exponentially increase in the coming years. This investment is a testament to our commitment to driving tangible change. We’re here to accelerate the enterprise decarbonization journey and unlock climate finance to fund the transition.”
About Zeroe
Led by two experienced Dubai and Los Angeles-based founders, Farouk Jivani and Ali Najafian, who have a track record of delivering enterprise solutions globally. Zeroe is on a mission to decarbonize enterprises by offering an AI-powered carbon management platform that supports organisations on the journey to net zero. Zeroe empowers organisations to make data-driven decisions, achieve their sustainability goals, and create long-term shareholder value. Zeroe was selected as one of 20 startups to be part of DIFC’s Fintech Accelerator for 2023, a signatory to Abu Dhabi Global Market’s Sustainable Finance Declaration, and a founding member of the Carbon Accounting Alliance.
