We advised Salesforce Ventures on its investment in the $32.6 million Series A financing of London-based carbon offset ratings provider Sylvera. This brings Sylvera's total funding to $39.5 million since being founded in 2020.

While companies are working to reduce carbon emissions as fast as they can, many rely on carbon credits to offset emissions that they are unable to eliminate in the short to medium term. However, many people do not trust the accuracy of the claims surrounding carbon offset projects. Sylvera has set out to solve this problem by providing independent, in-depth and up-to-date assessments of carbon projects. Sylvera's ratings are available to its customers through a web application and via API.

The Orrick team advising Salesforce Ventures includes Shawn Atkinson and Stephen Tallon.

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Orrick, Herrington & Sutcliffe LLP published this content on 26 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2022 21:48:17 UTC.