Carbon accounting platform acquired by Sage as ClimateTech heats up

Spherics, a UK-based carbon accounting platform for SMEs to understand and reduce their environmental impact, has been acquired by accounting giant Sage. Terms of the deal were not disclosed but it’s understood Spherics had raised £1.25m in equity financing from angel investors and £300,000 in grants.
Spherics was a smaller startup playing in a similar space to larger ones which include Normative, Plan A, Klimametrix.global, Persefoni and Planetly.com (other carbon accounting players, like Watershed and Climatiq, operate more like consultants).
Sage had previously stated it plans to support SM

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