Artem funding news – ARTEM has Secured €1.5 Million in Seed Funding

The funding round was led by Vireo Ventures, a Berlin-based venture capital firm focused on energy transition and decarbonization.

Nanxi Ding, Founder & CEO of ARTEM, said, “There has been significant development and growth in national and supranational carbon compliance and pricing mechanisms such as CBAM. Currently, USD 45 billion worth of goods are impacted by CBAM, with this figure expected to rise to USD 90 billion by 2030. The challenge for companies lies in finding a compliance solution that addresses the specific needs of each industry and helps them overcome cultural, jurisdictional, and informational barriers in the process of reporting. As carbon pricing and emissions trading expand globally, authorities and markets will demand more reliable emission data.”

ARTEM was founded in 2024 by Nanxi Ding, Leo Rees-Murphy, and Ofir Weinstock. The company provides software and hardware tools to help EU importers and non-EU producers collect, verify, and report greenhouse gas (GHG) emissions data. Nanxi Ding started ARTEM after dealing with the challenges of CBAM while managing her family’s automotive business.

Seeing the difficulties and opportunities in meeting regulations, she and her co-founders created ARTEM to help companies adjust to rules that focus more on decarbonization and clear emissions reporting.

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It’s technology helps industries like cement, steel, aluminum, fertilizers, electricity, and hydrogen, which are most affected by CBAM rules that will fully take effect in 2026.

It’s platform includes systems that measure emissions in real time to collect accurate data. It also has software that predicts the financial impact of carbon pricing on goods. The system helps importers with compliance reporting, improves supply chain transparency, and supports reducing greenhouse gas emissions in manufacturing.

Ding said, “ARTEM assists companies collect, verify and report real emission data from suppliers worldwide using compliance software with an integrated hardware measurement device, enabling end-to-end GHG tracing across cross-border supply chains. The synergies between different national carbon markets are expected to create unprecedented and cataclysmic growth in the decarbonization market. We are privileged to have the support of Vireo Ventures, an Article 9 SFDR Fund with a wealth of industrial expertise and a strong commitment to the energy transition,”.

The EU’s CBAM is the world’s first system that adjusts carbon pricing for imports. It requires importers of high-emission goods to track emissions and buy CBAM certificates. ARTEM’s solution helps companies manage this complex process and reduces the risk of expensive penalties for non-compliance.

ARTEM’s platform is set to serve a growing market, with global emissions monitoring expected to be worth $16.98 billion in 2024 and grow to $61.43 billion by 2029.

Matthias Engel, Managing Partner at Vireo Ventures, said, “CBAM compliance is crucial for a sustainable, decarbonized future. ARTEM is one of the first automated platforms focused on CBAM compliance. The team’s progress, industry knowledge, and strong network put them in a good position to lead the market.”

About ARTEM

ARTEM is skilled at collecting data from different countries and industries, taking into account their unique needs.