Switzerland-based B2B ARTEM has secured €1.5M in Seed funding to further develop its comprehensive software and hardware platform to help EU companies and non-EU producers ensure CBAM compliance and enable the transition to net-zero manufacturing.

The round was led by Vireo Ventures, an Article 9 SFDR venture capital fund committed to advancing Europe’s energy transition towards a sustainable, climate-resilient, electrified and decarbonized future.

Starting Q1 2026, the EU’s CBAM regulation requires importers of cement, steel, aluminum, fertilizers, electricity, and hydrogen to report CO2 emissions and purchase CBAM certificates. While CBAM aims to reduce emissions and combat carbon leakage, it poses significant challenges for importers and producers, particularly in monitoring, reporting and verifying primary emissions data across supply chains. Failure to comply with these obligations exposes importers to hefty fines, which makes efficient carbon reporting and CBAM compliance infrastructure crucial.

ARTEM’s platform simplifies compliance by offering the hardware and software solutions for the collection of primary emissions data from non-EU producers into a primary emissions database, enabling seamless reporting for EU importers. The company’s technology helps manufacturers and freight forwarders streamline CBAM certification and declaration processes.

“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 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”, added Nanxi Ding, Founder & CEO of ARTEM.

The global emission monitoring accounting market was valued at USD 16.98 billion in 2024 and is projected to reach USD 61.43 billion by 2029, growing at a compound annual growth rate (CAGR) of 29.33%. Meanwhile, the market for emission monitoring systems has a CAGR of 9.7%, driven primarily by the EU and Asia Pacific regions.

"CBAM compliance is vital for achieving a climate-resilient, decarbonized future. ARTEM stands out as one of the first automated platforms focusing entirely on CBAM compliance infrastructure. The team's progress, deep industry insights, as well as producer and freight forwarder network put them in a strong position to establish a leading market player early on," said Matthias Engel, Managing Partner at Vireo Ventures.

The European CBAM is the world's first border adjustment mechanism for carbon pricing, linking direct costs to emissions across a company’s supply chain. CBAM started in the transitory phase at the end of 2024 and is getting in full swing starting 2026. In the long term, a substantial percentage of EU companies engaged in international trade will be impacted by carbon pricing, whether as importers, producers, or both.

Founded in 2024 by Nanxi Ding, Leo Rees-Murphy and Ofir Weinstock, ARTEM emerged from Ding’s firsthand experience navigating CBAM’s complexities while managing her family’s automotive manufacturing business. Recognizing the significant impact CBAM would have on her own company, Nanxi decided to turn this challenge into an opportunity. In 2024, she founded ARTEM to address the complexities of CBAM compliance and support businesses in navigating the transition to net-zero manufacturing.