CarbonQuota secures significant investment

Codex Capital Partners has signed a binding agreement to invest in Carbon Quota which includes a minority holding in the Company and appointment to join the Board of Directors.

As a result, the Board is made up of Guy Stafford, who invested in the business in April 2022 following the sale of Proxima Group to Bain & Company who remains as Chairman; and founders Dominic Harris and Nathan Tiller, who hold onto a majority stake.

CarbonQuota itself works with businesses across the Fast Moving Consumer Goods, media, and logistics sectors to help automate carbon emission measurement.

This includes working across the value chain from procurement organisations and logistics to product manufacturers and producers of raw materials. Thanks to automation via online platforms, businesses can baseline and build de-carbonisation plans using data to provide precise and scientific calculations.

“Too many businesses are still using financial expenditure-led carbon modelling, which is not fit for purpose within a climate crisis,” says Dominic Harris, co-founder of CarbonQuota, adding: “our clients realise doing the right thing is more than a compliance cost, it is an opportunity to grow market share.”

According to Harris, the investment from Codex Capital will enable the company to invest further in technology, people, and client relationships.

Jamie Lawson-Brown, co-founder of Codex Capital, adds: “These are unusual times with very low levels of activity in the debt, listed equity, PE, and venture capital markets. Only the highest quality assets are under our consideration for investment, including those focused on sustainability.

“CarbonQuota has already landed some incredible marquee clients with a number of others expected to be signed early in 2023. The company is very well positioned for growth due to its relentless focus on detail. We look forward to working with management to continue to grow the business at pace.”

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