Greenly, a pioneer in carbon management, has successfully secured a $52 million Series B funding round.
This round was led by Fidelity International Strategic Ventures, marking a significant endorsement of Greenly’s mission to embed environmental accountability into global business practices. The involvement of heavyweight investors such as BGV, Move Capital, Hewlett Packard Enterprise, and HSBC, alongside ongoing support from XAnge and Energy Impact Partners, highlights the confidence in Greenly’s vision and solutions.
Founded in 2019 by Alexis Normand, Matthieu Vegreville, and Arnaud Delubac, Greenly was born out of a pressing need to tackle global warming through accessible carbon management for businesses of all sizes. By leveraging technology, data science, and digital communication, the founders have established a robust platform for carbon accounting, making it simpler for companies to manage their carbon footprints effectively.
The recent injection of $52 million is set to catalyze Greenly’s expansion plans significantly. With ambitions to broaden their global presence, particularly in the United States and Europe, Greenly is poised to refine and enhance their suite of carbon management tools. This funding will facilitate a transition from traditional, manual carbon accounting methods to a more streamlined, technology-driven approach, ensuring businesses can easily navigate their sustainability journeys.
Moreover, Greenly’s commitment to innovation is evident in their plans to further develop the Climate Suite. Features like the Life Cycle Assessment (LCA) Builder, Greenly Cloud, and Greenly Sustainable Procurement are set for enhancements, empowering businesses with deeper insights into their carbon footprint and making more informed environmental decisions.
This funding round is not just a financial boost but a testament to Greenly’s growing influence in the carbon management sector. With over 2,000 clients and managing 50 million tonnes of CO2, Greenly’s impact is undeniable. The company’s vision extends beyond software solutions, with investments planned for the Climate Academy to foster in-house climate expertise across various sectors. This initiative aims to provide specialized knowledge in compliance, accounting methodologies, and eco-design, further solidifying Greenly’s role in shaping a sustainable future.
The journey from a $23 million Series A to this recent Series B success showcases Greenly’s remarkable growth trajectory. As they continue to lead the charge in corporate climate responsibility, their efforts are crucial in creating a future where businesses are key players in combating climate change.
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