Carbon Accounting and Management Startup Greenly Raises $52 Million

Carbon accounting Greenly introduced that it has raised that it has raised $52 million in a Sequence B funding spherical, with proceeds aimed toward supporting the acceleration of the corporate’s progress and enhancing its suite of options enabling corporations to measure and handle their carbon emissions.

Based in 2019 by Alexis Normand, Matthieu Vegreville and Arnaud Delubac, Paris-based Greenly offers options aimed toward enabling corporations – together with mid-market, medium- and small-sized enterprises) to observe and cut back and report emissions. The corporate’s options embrace its Local weather Suite, permitting corporations to price range decarbonization and cut back emissions consistent with frameworks akin to SBTi, Local weather Academy, supporting the constructing of in-house local weather experience, Greenly Cloud, serving to IT departments to scale back information center-level emissions, and Greenly Sustainable Procurement, which plugs into buying software program to make sure suppliers actively contribute to low-carbon roadmaps.

In keeping with the corporate, the brand new fundraising comes as the marketplace for carbon accounting and administration options is “poised for enormous adoption,” pushed by laws such because the EU’s CSRD and new SEC necessities for US public corporations to report their greenhouse gasoline emissions.

Alexis Normand, CEO and co-founder of Greenly, mentioned:

“Greenly’s objective is to allow companies to navigate extra swiftly into a brand new period, the place long-term worth is synonymous with sustainable progress. We’re right here to simplify carbon administration, making it a elementary side of each group’s core practices. Our focus extends past regulatory compliance; we’re fostering a profound transformation in direction of sustainability inside company cultures.”

The brand new funding spherical was led by Constancy Worldwide Strategic Ventures, and included participation from new traders together with BGV (Benhamou World Ventures), Transfer Capital, Hewlett Packard Enterprise and HSBC, in addition to current traders XAnge and Power Impression Companions. Brian Halligan, Co-Founder and Chairperson of HubSpot, additionally participated within the funding spherical.

Erik Mostenicky, Principal at Constancy Worldwide Strategic Ventures, mentioned:

“We’re excited to help Greenly as they try to make emissions administration accessible to all. In a brief area of time, the Greenly group has developed a formidable platform and vary of companies that reach past mere emissions compliance monitoring. Their choices empower corporations to handle their emissions, proactively interact with suppliers and develop into a part of a greener vitality transition.”