Bird & Bird advises Temasek-backed GenZero on its investment in BeZero Carbon’s series C funding round
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International law firm Bird & Bird advised GenZero, a Temasek-backed decarbonisation-focused investment platform based in Singapore, which led the US$32 million Series C funding round for carbon ratings agency BeZero Carbon. New investors Japan Airlines and Translink Innovation Fund participated in this funding round alongside existing investors EDF Pulse Ventures, Hitachi Ventures, Illuminate Financial, Molten Ventures, Quantum Innovation Fund, Qima, and Intercontinental Exchange.
BeZero Carbon will use the new funds to expand its ratings coverage to include compliance carbon markets, scale up automation, and strengthen its team of climate and data scientists. Headquartered in London, BeZero has subsidiaries in New York and Singapore, and serves customers in over 30 countries across six continents, with ratings available on more than 40 platforms including Bloomberg.
The Bird & Bird team was led by partner George Mason in the United Kingdom, counsel Jolie Giouw in Singapore, and included senior associate Albert Mennen as well as associates Anna Mikhalkovich, Luke Oon and Karen Ho. This transaction demonstrates our lawyers’ deep expertise in the sustainability sector and the Firm’s commitment to supporting clients whose business are being transformed by ESG.
The official press release by GenZero can be found here.