GreenPlaces, a Raleigh, N.C-based sustainability platform, successfully raised $13 million in a Series A funding round.
The investment was led by Redpoint Ventures, with participation from Felicis, Tishman Speyer Ventures, and Bull City Venture Partners.
This funding fuels GreenPlace's mission to bring sustainability to the mass market, where over 83% of global emissions, or an estimated 39 billion tonnes of CO2e, live.
“I empathize with business leaders. On one side you’re facing declining profitability, and on the other you’re staring down ESG requirements and climate regulation. Not to mention, topline pressure as customers shift their spend to reflect values,” says Alex Lassiter, Founder & CEO of GreenPlaces. “We built GreenPlaces to tie business and sustainability objectives together, making it easy for businesses to reduce their carbon footprint and increase their bottom line.”
GreenPlaces makes sustainability possible for all businesses–connecting the dots between business benefits and climate impact. The company integrates customers' operational data with sustainability benchmarks by connecting with existing business tools such as utilities, HR, and accounting platforms.
This integration provides visibility into carbon footprints and offers actionable insights to reduce emissions and achieve cost savings. Additionally, the platform includes templates, tools, an ESG policy library, and a branded sustainability website to assist customers with compliance and storytelling.
Company: Green Places, Inc.
Raised: $13.0M
Round: Series A
Funding Month: June 2023
Lead Investors: Redpoint Ventures
Additional Investors: Felicis, Tishman Speyer Ventures, and Bull City Venture Partners
Company Website: https://greenplaces.com/
Software Category: Sustainability Software
About the Company: Founded in Raleigh, North Carolina in 2021, GreenPlaces is on a mission to democratize sustainability with its all-in-one solution–providing the tech, tools, and team for businesses of all shapes and sizes–to launch, scale, and share sustainability practices that are good for business and the planet. GreenPlaces supports leading businesses, from restaurants and hotel groups to tech companies and service firms. The company serves a diverse range of industries, including restaurants, hotels, tech companies, law firms, and service providers. Notable brands such as bartaco, Graduate Hotels, Zuora, Salesloft, and Network Wireless Solutions have already chosen GreenPlaces as their sustainability partner.
Source: https://www.businesswire.com/news/home/20230620851324/en/GreenPlaces-raises-13M-to-bring-sustainability-solutions-to-the-mass-market-and-the-83-of-emissions-that-live-outside-the-Fortune-500