Carbon accounting platform acquired by Sage as ClimateTech heats up

Spherics is a UK-based carbon accounting platform for small and medium-sized businesses. Spherics raised over one million dollars in equity financing from angel investors and received £300,000 in grants.

Normative, Plan A, Klimametrix.global, Persefoni and Planetly.com are just a few of the larger carbon accounting players.

This acquisition appears to be part of the strategy of the company, as they have previously stated that they plan to support small and medium-sized businesses to get to net zero.

Carbon emission factors can be applied to procurement categories.

The research shows that SMBs want to work with suppliers and partners that can help them understand and address the impact they have on the environment. We are connecting businesses with their customer and supplier emissions data to enable easy and collaborative climate action across value chains which helps to reduce carbon.

George Sandilands, CEO & Co-founder, Spherics, added: “Our vision and mission align very much with Sage’s core values, and we are excited to embark on this new journey to help SMBs knock down barriers to a more sustainable  future. Global emissions are still rising fast, and we need immediate and meaningful climate action across the world.”