EIVEE, a Copenhagen-based startup, recently received funding of €4 million (DKK 30 million) from SEED capital. To address the issue of Carbon emissions, the funds will be used to accelerate the platform’s growth for both cost reduction and carbon removal reporting. The SEED capital will also help in the growth of Scandinavia’s customer base.

“All companies will need to work with their emission footprint. The largest part of the footprint is typically found within the supply chain where existing solutions for carbon accounting provide little visibility and neither accurate nor useful information. We think the EIVEE way is the only way. They start with getting their customers’ data straight so they can both optimize bottom line and work actively with their carbon footprint. So we love the product, the market and most importantly the super strong team with many years of combined procurement and sustainability experience.” says General Partner in SEED Capital, Niels Vejrup Carlsen

Founded in 2020, the startup offers a tech platform for its two products, Strategic Procurement and Sustainable Procurement built for companies and organizations around the world. The platform identifies improvement opportunities and provides solutions that enable full traceability of the company’s carbon footprint across the value chain.