Greenly, a French startup that built a software-as-a-service platform that lets you calculate your company’s carbon emissions, store, and track, raised a $23 million Series A round to democratize the carbon footprint.
The round was led by Energy Impact Partners (EIP) and XAnge, several business angels are also participating in the round, such as Jean-Baptiste Rudelle.
Company: Offspend SAS
Round: Series A
Funding Month: April 2022
Lead Investors: Energy Impact Partners (EIP) and XAnge
Additional Investors: Jean-Baptiste Rudelle
Company Website: https://www.greenly.earth/
Software Category: Carbon Management
About the Company: Greenly is a technology company specialized in helping organizations lower their carbon emissions. Greenly’s mission is simple: accelerate the development of the technology to enable each actor – whether companies, banks, or private individuals – to better monitor and control their CO2 emissions. The company’s platform automates carbon accounting in full compliance with international reporting standards (CDP, GHG, and TCFD) and the platform targets SMEs as a way to disrupt the industry. From carbon reduction strategies to offsetting measures, Greenly helps companies track their footprint automatically and improve their ecological impact. There are 400 companies currently using Greenly. While most of them are currently based in France, the company has opened an office in the U.S. to address the American market.