Cogo helps people and small businesses take climate action, one transaction at a time. Their platform connects financial and accounting data to carbon insights, emissions tracking tools and personalised tips on how better spending decisions can improve your carbon footprint.
Why we invested
Cogo makes climate impact actionable. Their robust emissions methodology is grounded in internationally recognised standards, seamlessly integrating into digital banking platforms, combining spend-based data with activity data to enhance accuracy.
It’s a powerful tool for both individuals and organisations. Measuring emissions helps SMEs cut costs, meet customer and regulatory expectations, and stay competitive in a low-carbon economy; tools like Cogo make it easy and accessible.
Transaction Summary
Fund
Awhi | Te Pae ki te Rangi
Date Invested
April 2018 (Pre-seed) | October 2023 (Bridge)
Instrument
Equity Investment, Convertible Note
IRIS+ Category and Theme
Polution | Polution Prevention - SaaS
Measuring What Matters
Problem
Most people and small businesses are unaware of their carbon footprint or lack the tools and support needed to reduce it.
This contributes to continued high emissions from daily consumption, transport, energy use, and purchasing decisions, despite growing concern about climate change. The lack of accessible, actionable data and behavioral nudges makes it hard for individuals and SMEs to make meaningful, measurable change.
This contributes to continued high emissions from daily consumption, transport, energy use, and purchasing decisions, despite growing concern about climate change. The lack of accessible, actionable data and behavioral nudges makes it hard for individuals and SMEs to make meaningful, measurable change.
What
Cogo’s technology measures individual and business carbon footprint through spend-based tracking. This awareness and knowledge enables them to take action to reduce their emissions.
Who
Individuals and households tracking their footprint through spending data.
Environmentally conscious commercial customers measuring footprint of business activities to increase efficiency.
Environmentally conscious commercial customers measuring footprint of business activities to increase efficiency.
How Much
Scale: Users who have measured their carbon footprint using Cogo’s platform.
Depth: Users who have taken action to reduce their carbon footprint because of Cogo’s insights.
Duration: Users making climate conscious consumption decisions in the long term
Depth: Users who have taken action to reduce their carbon footprint because of Cogo’s insights.
Duration: Users making climate conscious consumption decisions in the long term
Contribution
Cogo accelerates change by embedding tools directly in banking apps, reaching people at moments of decision based on actual expenditure, making climate action easier and more accessible.
Impact Risk
Community Participation risk: While individuals may have access to Cogo’s platform, there is no guarantee that the insights will be acted on to reduce their footprint.
Impact Measures
Users who have measured and taken action to reduce their carbon footprint.
