Greenly, a Paris, France-based climate tech startup that provides carbon accounting and management platform, has raised $52 million in Series B funding.
SaaS Investors
The round was led by Fidelity International Strategic Ventures, with participation from new investors such as BGV (Benhamou Global Ventures), Move Capital, Hewlett Packard Enterprise, and HSBC.
Founded in 2018, Fidelity International Strategic Ventures is a venture capital investment firm that invests in companies operating in the fintech and technology sectors. FISV's team seeks to partner with visionary entrepreneurs who are redefining wealth and asset management.
Greenly Use of Funds
The company will utilize the funding to expand its global reach and solidify its position as a comprehensive Climate Suite. This suite allows companies to budget decarbonization and reduce emissions in alignment with international frameworks such as SBTi (Science Based Targets Initiative).
About Greenly
Founded in 2019 by Alexis Normand, Matthieu Vegreville, and Arnaud Delubac, Greenly is a company that specializes in providing carbon accounting solutions, making it intuitive and affordable for SMBs (Small and Medium-sized Businesses) and mid-market companies. Greenly's platform enables businesses to measure, monitor, reduce, and offset their carbon footprint in accordance with international carbon accounting standards such as the GHG Protocol. The company has approximately 2,000 customers globally and has also partnered with larger corporations such as BNP Paribas, AXA, and L’Oreal and manages nearly 50 million tons of CO2 for its clients.
Funding Details
Company: Greenly
Raised: $52.0M
Round: Series B
Lead Investors: Fidelity International Strategic Ventures
Additional Investors: BGV, Move Capital, Hewlett Packard Enterprise, HSBC, XAnge, Energy Impact Partners, Brian Halligan
Company Website: https://greenly.earth/
Software Category: Carbon Management
Source: https://siliconcanals.com/news/startups/french-startup-greenly-raises-48m/