We are pleased to announce that SmartCarbon has been acquired by private equity firm TVI Group in a deal that will accelerate the development of the business’s technology platform and support the company’s next phase of growth.
Since the business was first founded in 2016, SmartCarbon has grown from a specialist carbon reporting platform initially working with several businesses in the North East, including Newcastle Hospitals Trust, into a national organisation working with both public and private sector organisations such as Greggs, Durham University, Thirteen Group, Newcastle City Council and UCL Hospitals London.
Over the last decade, our team have supported over 1,000 organisations with carbon measurement and reduction, through a combination of our software platform, consultancy services and training. The business has also successfully maintained a partnership with Northumbria University to deliver the popular ISEP-accredited carbon footprint training and a more recent Green Skills eLearning module for organisations working towards long-term carbon reduction.
The new investment from TVI Group will support the development of our popular calculator and reporting platform, integrating enhanced automation and AI capabilities designed to reduce the administrative burden associated with carbon accounting.
Speaking on the announcement of the investment, SmartCarbon Managing Director, Lee Jackson, said:
“We’re delighted by the TVI acquisition as this brings not only great experience in technological innovation but also a shared commitment to SmartCarbon’s longstanding values and purpose of driving progress in driving carbon reduction in business.
“Through this new investment, SmartCarbon will be able to execute plans for the development of our carbon accounting platform, enhance our customer experience and, fundamentally, make it easier for businesses to build emissions reporting and carbon reduction planning into their operations.
“Crucially, SmartCarbon will continue to deliver a combination of technology and environmental expertise. Our highly qualified consultancy team remains committed to providing the practical and insightful support that our clients have relied on over the years.”
SmartCarbon Founder and Principal Consultant, Anna-Lisa Mills, who will remain with the business within the consultancy team, said:
“When SmartCarbon was founded, the ambition was to give organisations the tools and the knowledge needed to take genuine action on carbon emissions. I’m incredibly proud of how far the business has come since 2016 and I’m excited to remain part of SmartCarbon’s journey as we build on those foundations as a TVI Group business.”
SmartCarbon’s acquisition will also see the appointment of Ian Whittaker as Chairman of SmartCarbon. Ian has over 20 years of sales, marketing and general management experience in the UK and Europe with Hewlett Packard and, more recently, as a CEO and board member of a start-up software technology business that listed on the London Stock Exchange and was subsequently sold in 2024.
Ian Whittaker, Chairman of SmartCarbon
Ian said:
“I am excited and delighted to join the SmartCarbon team and look forward to building and growing further the fantastic business the team have established.”