nZero, the leading near real-time carbon management and accounting platform, today announced that it has closed a $16 million Series A funding round that will enable the company to scale amid a global call for better, more accurate tracking and reporting of energy, financial, and greenhouse gas emissions data across the public and private sectors. The influx of funding arrives as more organizations worldwide strive to use data to implement and reach climate change goals. The round was led by both Fifth Wall-the largest asset manager focused on improving, future-proofing, and decarbonizing the built world-and a national US energy company. Additional investors include Piedmont Capital Investments, Inc. with limited partner Henry Kravis, founder and co-chairman of KKR.

nZero is a near real-time (NRT) carbon management and accounting platform that gives NGOs, government agencies and organizations the accurate emissions data they need to reach net zero, communicate their story, and make smart decisions that benefit the health of the planet. Unlike carbon management offerings who rely on third-party data and opaque averages, nZero gathers accurate, first-party, contextual data into a comprehensive view, making it simple for organizations to pinpoint opportunities within their operations to implement carbon reduction actions and spend smarter along the way. nZero's awards and recognitions include the Economic Development Authority of Western Nevada (EDAWN) Existing Industry 2022 "Leader in Sustainability" Award, Business Intelligence Group's 2022 Sustainability Product of the Year Award, a place on TIME Magazine's 2022 Best Inventions List in the Sustainability Category, as well as an honorable mention on Fast Company's 2022 World Changing Ideas List.