Cleartrace, an Austin, Texas-based leading carbon and energy management software company, announced $20 million in funding.
The round was led by ClearSky, with strategic investment from Brookfield Renewable, EDF Energy North America, Tenaska, and Exelon.
This raise follows major growth announcements from Cleartrace, including its selection to provide auditable and assurance-ready proof of decarbonization for all of Iron Mountain’s U.S. data centers, Brookfield Properties’ premier skyscraper One Manhattan West, and JPMorgan Chase’s offices.
Cleartrace successful strategic funding round to accelerate growth for Cleartrace’s advanced carbon and energy management platform serving real estate portfolios, financial institutions, data centers, and renewable energy suppliers.
Company: Cleartrace Technologies, Inc.
Raised: $20.0M
Round: Strategic Investment
Funding Month: June 2022
Lead Investors: ClearSky
Additional Investors: Brookfield Renewable, EDF Energy North America, Tenaska, and Exelon
Company Website: https://cleartrace.io/
Software Category: Carbon and Energy Management Software
About the Company: Cleartrace is an energy data and carbon accounting platform providing companies with the digital infrastructure to enable decision-making to mitigate environmental risk, prove their climate achievements and create new market opportunities within the evolving energy landscape. Through an advanced software platform developed by experts in the energy, data, and banking sectors, ClearTrace delivers 100% traceable and verifiable energy and carbon records for its clients. Cleartrace illuminates previously unseen data for renewable energy buyers and suppliers, delivering 100% traceable and actionable hourly energy and carbon records. The platform is trusted by the world’s most reputable companies, including JP Morgan Chase, NextEra, Iron Mountain, Brookfield Properties, and Brookfield Renewable.
Source: https://cleartrace.io/managing-climate-risk-with-auditable-and-assurance-ready-hourly-carbon-accounting/ https://www.businesswire.com/news/home/20220629005217/en/Cleartrace-Raises-20-Million-Financing-Led-by-ClearSky-With-Strategic-Funding-From-Brookfield-Renewable-EDF-Energy-North-America-Tenaska-and-Exelon-to-Help-Companies-Reach-Decarbonization-Goals