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Normative

Stockholm, SE · Founded 2008 · 32 employees on LinkedIn · 10 known investors

Find your way into Normative

66 people in our graph share verified history with the Normative team — schools, employers, funds. One of them is your warm intro.

Alexander Fred-Ojalaunlockedknows Adam Wamai Egesa · together at The Faculty of Engineering at Lund University (overlapped)
×9knows the team · via The Faculty of Engineering at Lund University
×2knows the team · via Normative.io

Normative offers science-based carbon removal and climate investment products to help companies compensate for emissions they cannot reduce and reach net zero. It targets businesses seeking credible offsetting that avoids greenwashing.

Also known as Normative AB

Founders & leadership

Normative was founded in 2008 by Adam Wamai Egesa, Kristian Rönn, and Robin Undall-Behrend.

AWAdam Wamai Egesa
Adam Wamai EgesainCo-founderAdam Wamai Egesa co-founded Normative, a climate tech platform offering carbon accounting and offsetting solutions to help companies reach net zero. He led product and engineering as the company scaled from an early stage to 180+ employees and raised over $45 million across multiple funding rounds.
KR
Kristian RönninCo-founderFounder at Lucid Computing
RU
Robin Undall-BehrendCo-founder

Investors · 10

Also in the syndicate · 1

Future Five

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Normative is a Stockholm-headquartered software company that provides a carbon accounting engine for calculating, reporting and reducing greenhouse gas emissions across Scope 1, 2 and 3. The platform ingests activity and financial data, applies AI-driven categorization and quality control, and matches activities against a library of more than 349,000 regionally and sector-specific emission factors. Outputs are built to GHG Protocol standards, traceable from source data to calculation output, and intended to be defensible in audits and disclosure processes such as CSRD, CDP and SBTi target-setting. A supplier data component, the Carbon Network, is used to source verified value chain data.

The software is paired with advisory services: each account is assigned a named, GHG Protocol-certified Climate Strategy Advisor who leads onboarding, data mapping and methodology decisions, and supports audit preparation. The company states that most organizations reach a first complete emissions calculation within four to eight weeks of kick-off. Normative also describes work with external institutions, including partnership with the United Nations on emissions accounting standards, contributions to UN Race to Zero, CDP and other working groups, consultation with the European Commission, appearances at the World Economic Forum, and provision of software to the UK's SME Climate Hub, a partner in the UN Race to Zero campaign.

Founding story

In 2013 co-founder Kristian Rönn was working at Oxford University, at the Future of Humanity Institute, simulating the consequences of climate change; the findings that global warming would cause extreme human suffering prompted him to leave academia. He joined with Adam Wamai Egesa and Robin Undall-Behrend, and in 2014 built what the company describes as the world's first carbon accounting engine.

Business model

Software-as-a-service carbon accounting platform sold to corporates, bundled with advisory support from an assigned Climate Strategy Advisor. A free starter plan for smaller businesses was rolled out in collaboration with Google.

Sale of carbon accounting software with accompanying expert advisory services to corporate customers, alongside a free starter tier for smaller businesses.

Traction

Publicly stated figures include a 100% success rate across SBTi submissions and audits, a 4.8/5 Capterra rating and a 93% service CSAT score. The company reports 200% growth in the year to October 2021 and lists named enterprise customers; it has received a grant from Google.

Latest developments

Company news lists a March 2026 item stating Normative was positioned as a Challenger by an independent research firm; a December 2025 renewable electricity procurement offering launched with Renewabl; an October 2025 TÜV SÜD evaluation of the carbon calculation engine against ISO 25051 and the GHG Protocol; October and September 2025 Vertical Carbon Data Module releases with HowGood and Klimato; a July 2025 sustainability report for 2024; and a March 2025 EcoVadis partnership addressing Scope 3 emissions.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positioned as a compliance-grade, audit-ready carbon accounting provider in a market the company's Series A lead investor described as the first truly global software vertical in climate tech; independently positioned as a Challenger by a research firm in March 2026. Reported growth of 200% in the year to October 2021.

Technology

A carbon accounting engine covering Scope 1, 2 and 3, with automated data ingestion, AI-driven categorization, anomaly detection and emission factor matching against 349,000+ verified emission factors, plus full traceability from source data to output and report exports in compliance-ready formats. The engine has been independently evaluated by TÜV SÜD against ISO/IEC 25051 and the GHG Protocol. Supplier data is gathered via the Carbon Network.

Go-to-market

Direct sales supported by demo requests on the website, customer case studies and references from named enterprise customers; distribution partnerships and integrations (for example the SME Climate Hub, Google-backed free starter plan, EcoVadis, Klimato, HowGood and Renewabl) extend reach.

Corporate sustainability, finance and reporting teams, from large enterprises preparing for CSRD and other disclosure regimes to small and medium-sized businesses served through a free starter plan; named customers include Flying Tiger Copenhagen, Scapa and Aasted.

Geography

Headquartered in Stockholm, with offices in Copenhagen and London and remote team members in other locations. Customers are described as global, with reported demand from UK firms.

History

The first carbon accounting engine was built in 2014 by Kristian Rönn together with Adam Wamai Egesa and Robin Undall-Behrend. The company was seeded, raised a €10 million Series A in October 2021 led by 2150 and ETF Partners, and a €31 million Series B in July 2022 led by Blume Equity. In August 2024 its climate target was approved by the Science Based Targets initiative; in November 2024 it acquired Danish company Eivee; in December 2024 Sebastien Blanc joined as CEO. Subsequent milestones include an EcoVadis partnership (March 2025), Vertical Carbon Data Module launches with Klimato and HowGood (September–October 2025), a TÜV SÜD evaluation of its calculation engine (October 2025), and a renewable electricity procurement offering with Renewabl (December 2025).

Risks & controversies

The company frames its product around the risk of unintentional greenwashing, citing an estimated error rate of up to 40% for manually measured emissions and potential consequences including legal action, fines and loss of brand equity. Expanding disclosure regulation (EU CSRD, UK SECR, a proposed US SEC rule) is described as a driver of demand.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Capterra ratingJan 20264.8 out of 5
Emission factors in libraryJan 2026349,000 emission factors
Service CSAT scoreJan 202693%
Success rate across SBTi submissions and auditsJan 2026100%
Time from kick-off to first complete emissions calculationJan 20264-8 weeks
Year-over-year growthOct 2021200%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 8

by search overlap
Greenly235 shared keywordsGreenly provides an AI-based platform for carbon accounting, greenhouse gas assessment, product life-cycle analysis (LCA), and ESG compliance reporting. It serves companies from SMEs to large enterprises looking to measure, report, and reduce their carbon footprint and meet climate regulations.
Sweep179 shared keywordsSweep builds software that helps large companies and financial institutions manage sustainability and non-financial (ESG) data, track carbon across value chains, and comply with climate disclosure regulations. The company serves enterprises and financial institutions globally.
CarbonChain168 shared keywordsCarbonChain provides software for companies and financial institutions to measure and account for greenhouse gas emissions across supply chains, from production to shipping to use of commodities and products.
Persefoni163 shared keywordsPersefoni provides carbon accounting and climate training tools for portfolio company engagement. The platform offers technical support through Persefoni Copilot and educational resources via Persefoni Academy, both included in its Pro subscription for suppliers and portfolio companies.
Netezza154 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Arbor132 shared keywordsArbor provides a platform for measuring carbon emissions across supply chains using supply-chain-specific data points rather than global averages, enabling calculations in minutes instead of months or years.
Circularise112 shared keywordsCircularise provides supply chain traceability software that helps companies trace materials across complex value chains, connect data to products, and share verifiable information. It serves industrial manufacturers seeking transparency and circularity in their supply chains.
Anthesis99 shared keywordsAnthesis Group provides sustainability consulting, carbon removal solutions, and digital advisory services to guide large organizations through decarbonization and sustainable business transformation. The firm combines science-based strategy, purpose consulting, and market-leading digital solutions to help clients integrate sustainability into their operations and value creation.

Companies competing with Normative for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 11

launches, deals, and filings
Mar 2026
Normative positioned as a Challenger by independent research firm

source ↗

Dec 2025
Normative launches renewable electricity procurement offering with Renewabl

source ↗

Oct 2025
Carbon calculation engine evaluated by TÜV SÜD against ISO 25051 and the GHG Protocol

source ↗

Oct 2025
Normative integrates HowGood into Vertical Carbon Data Module for food and agriculture reporting

source ↗

Sep 2025
Normative partners with Klimato to launch Vertical Carbon Data Module

source ↗

Mar 2025
Normative partners with EcoVadis to tackle Scope 3 emissions

source ↗

Dec 2024
Sebastien Blanc joins Normative as CEO

source ↗

Nov 2024
Normative acquires Eivee

Acquisition described as expanding Normative's Nordic carbon accounting leadership.

source ↗

Aug 2024
Normative's climate target approved by the Science Based Targets initiative

source ↗

Jul 2022
Normative raises Series B led by Blume Equity

Normative raised €31 million (reported as $31 million) in a Series B led by Blume Equity, with new investor Horizons Ventures and returning investors Future Five, ETF Partners and 2150, to expand its carbon accounting engine and supply chain measurement services.

$31M source ↗

Oct 2021
Normative raises €10 million Series A ahead of COP26

Series A round led by 2150 and ETF Partners with participation from existing investors Lowercarbon Capital, ByFounders and Luminar Ventures; proceeds earmarked for new tools for small and medium enterprises, including a free starter plan rolled out with Google.

$10M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Normative do?
Swedish carbon accounting software company whose engine calculates Scope 1, 2 and 3 emissions for corporate net zero reporting.
Who founded Normative?
Normative was founded by Adam Wamai Egesa, Kristian Rönn, Robin Undall-Behrend in 2008.
Who are Normative's investors?
Normative's investors include 2150, byFounders, Carbon, HAWKTAIL, Horizons Ventures, Luminar Ventures, Wave Ventures, Blume Equity and 1 more.
Where is Normative headquartered?
Normative is headquartered in Stockholm, SE.