ARTEM receives € 1.5 million in seed financing

With a combination of software and hardware, ARTEM offers companies an efficient solution to comply with EU emissions reporting and support the decarbonization of manufacturing

Cham, Switzerland, December 12, 2024 - ARTEM, a B2B startup from Switzerland, has successfully closed a seed funding round of 1.5 million euros. The round was led by Vireo Ventures, a venture capital firm in the field of climate technology. The financing round will be used to further develop ARTEM's software and hardware solutions that help companies meet the requirements of the EU Carbon Border Adjustment Mechanism (CBAM) and support the transition to net zero production.

CBAM from 2026

The EU will introduce the CBAM from the first quarter of 2026, requiring importers of products such as cement, steel, aluminium, fertilizers and hydrogen to report CO2 emissions and purchase CBAM allowances. This new regulation poses significant challenges for companies in terms of monitoring and validating emissions data in their supply chains. To address these challenges, ARTEM offers an integrated solution of software and hardware that enables companies to collect primary emissions data from producers outside the EU and prepare it for CBAM reporting.

The expansion of the global market for carbon pricing and emissions trading schemes is challenging companies to find a compliance solution that meets the specific needs of their industry. With our platform, we enable companies to collect, validate and report realistic emissions data.

Nanxi Ding, ARTEM Founder

Vireo Ventures sees ARTEM as a promising company with a unique position in the market. Matthias Engel, Managing Partner at Vireo Ventures, explains: "ARTEM's developments and deep industry knowledge make them a strong player to achieve a leading market position in CBAM compliance and decarbonization."

ARTEM was founded in 2024 by Nanxi Ding, Leo Rees-Murphy and Ofir Weinstock. Founder Ding brought her own experience in the automotive industry when she experienced the challenges of CBAM compliance in her family business and launched ARTEM to provide an efficient solution for companies worldwide. A German branch of the start-up is located in Dornhahn in the Black Forest.