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.
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.

Investors · 10
Also in the syndicate · 1
Funding
SEC filings, press & company announcements- Undisclosed amountSeries BJul 2022 · 2 sources
Blume Equity (lead), 2150, ETF Partners, Future Five, Horizons Ventures
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Normative 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 reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 8
by search overlapCompanies competing with Normative for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 11
launches, deals, and filingsAcquisition described as expanding Normative's Nordic carbon accounting leadership.
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 ↗
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
- Normativenormative.io · web
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.





