Seed round · 2026
Carbon accounting for growing companies
Terralith turns spend, cloud bills and supplier data into an audit-ready inventory, and shows which figures are measured and which are estimated.
Raising an $11m seed · illustrative
The problem · illustrative
Problem
Share of Scope 3 measured from real data at a typical first-time reporter.
Why now
Why now
Disclosure rules now reach mid-sized companies and their suppliers. A number in a filing needs a source behind it.
Companies required to disclose · illustrative
2022
8,000
2027
58,000
Product
Plate I. Fernhill Analytics, FY2025 inventory by scope
tCO₂e
Total footprint
4,812
tonnes CO₂e, FY2025
↓ 18% against FY2023
How it works
How it works
Each layer builds on the one above
Customer outcome · illustrative
Scope 3 measured from real data · Fernhill
12%
FY2023
34%
FY2024
61%
FY2025
Our auditors asked where one supplier figure came from. We clicked through to the invoice in front of them, and the review moved on.
Traction · illustrative
Traction
140
companies report with Terralith.
ARR by quarter, $m
Market · illustrative
Market
We start with companies of 200 to 5,000 people that must disclose, or sell to someone who must.
Total
$12bn
Carbon accounting spend worldwide
Serviceable
$2.4bn
Mid-sized companies in scope
First target
$180m
UK and EU software and services
Business model
Business model
Fixed feeFirst inventory
Last year’s activity, gaps shown, in three weeks.
$25k a yearPlatform
All three scopes, unlimited users, audit exports included.
$4 per facilitySites
Monthly, for companies measuring buildings and fleets.
Landscape
Landscape
Spreadsheets
A project each year · Mostly estimates
Consultancies
A project each year · Partly measured
Carbon calculators
Always current · Mostly estimates
ESG suites
Updated quarterly · Partly measured
Terralith
Always current · Measured wherever the data exists
Roadmap
Roadmap
The ask · illustrative
The ask
Twenty-four months to $7m ARR, with the supplier network live and assurance built into every export.