Project Canary, a Denver, Colorado-based climate tech and environmental assessment company, raised $111 million in Series B funding.
Backers included Insight Partners (lead investor), Brookfield Growth, Canada Pension Plan Investment Board (CPP Investments), and Carica Sustainable Investments – the sustainable investing arm of the Hamilton James Family office, Quantum Energy Partners, Energy Impact Partners, and Frontier Venture Capital.
The data analytics company plans to scale its core solutions and expand to new sectors as it helps companies reach a net-zero future, with a keen focus on reducing methane.
Company: Project Canary
Raised: $111.0M
Round: Series B
Funding Month: February 2022
Lead Investors: Insight Partners
Additional Investors: Brookfield Growth, Canada Pension Plan Investment Board (CPP Investments), and Carica Sustainable Investments
Company Website: https://www.projectcanary.com/
Software Category: Comprehensive environmental information platform
About the Company: Project Canary is a SaaS-based data analytics company focused on environmental performance or the E in ESG for emission-intensive companies. Project Canary is the leader in assessing and scoring responsible operations and providing independent, measured emission profiles, including methane, via high fidelity continuous monitoring technology that helps companies take ESG action. Formed as a Public Benefit Corporation, Project Canary's Denver-based team of scientists, engineers, and seasoned industry operators have earned recognition for their uncompromising standards and high-fidelity data. projectcanary.com.
Source: https://www.prnewswire.com/news-releases/project-canary-raises-111m-from-top-climate-tech-and-saas-focused-investors-301489227.html