Stepwise, a Stavanger, Norway-based provider of an emissions management platform, raised NOK 35M in funding.
The funding consisted of new equity, a convertible loan, and a credit line with a major Nordic bank.
The company intends to use the funds to accelerate its growth plans and enhance product offerings. The proceeds from the capital raise are enabling continued development to meet the evolving needs of both existing and new customers. Specifically, the funding will accelerate its ongoing expansion into the offshore production segment.
Founded in 2021 by Matthew Johan, Co-founder and Executive Director, Stepwise provides a SaaS emissions management platform to empower companies within the energy sector to reduce their carbon footprint. It offers real-time monitoring, comprehensive tracking of Scope 1, 2, and 3 emissions, and seamless integration with existing digital ecosystems. The correlation of emissions and well data enables monitoring of the carbon intensity per meter drilled across D&W operations. Other key features include digitalization, record-keeping, data analysis, algorithms, assets, and wells performance comparisons, enabling substantiated well and field development planning and auditing.
FinSMEs
18/06/2024