Close Menu
TechBrunchTechBrunch
  • Home
  • AI
  • Apps
  • Crypto
  • Security
  • Startups
  • TechCrunch
  • Venture

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

iOS 19: All the rumor changes that Apple could bring to the new operating system

June 8, 2025

Meta reportedly invests billions of dollars in scale AI

June 8, 2025

WWDC 2025: What to expect from this year's meeting

June 8, 2025
Facebook X (Twitter) Instagram
TechBrunchTechBrunch
  • Home
  • AI

    OpenAI seeks to extend human lifespans with the help of longevity startups

    January 17, 2025

    Farewell to the $200 million woolly mammoth and TikTok

    January 17, 2025

    Nord Security founder launches Nexos.ai to help enterprises move AI projects from pilot to production

    January 17, 2025

    Data proves it remains difficult for startups to raise capital, even though VCs invested $75 billion in the fourth quarter

    January 16, 2025

    Apple suspends AI notification summaries for news after generating false alerts

    January 16, 2025
  • Apps

    iOS 19: All the rumor changes that Apple could bring to the new operating system

    June 8, 2025

    WWDC 2025: What to expect from this year's meeting

    June 8, 2025

    How to watch Apple's WWDC 2025 Keynote

    June 8, 2025

    In WWDC 25, AI must compensate with developers after AI shortage and lawsuits

    June 8, 2025

    iOS 19: All the rumor changes that Apple could bring to the new operating system

    June 7, 2025
  • Crypto

    xNotify Polymarket as partner in the official forecast market

    June 6, 2025

    Circle IPOs are giving hope to more startups waiting to be published to more startups

    June 5, 2025

    GameStop bought $500 million in Bitcoin

    May 28, 2025

    Vote for the session you want to watch in 2025

    May 26, 2025

    Save $900 + 90% from 2 tickets to destroy 2025 in the last 24 hours

    May 25, 2025
  • Security

    The Trump administration is aiming for Biden and Obama's cybersecurity rules

    June 7, 2025

    After data is wiped out, Kiranapro co-founders cannot rule out external hacks

    June 7, 2025

    Humanity appoints national security experts to governing trusts

    June 6, 2025

    Italian lawmakers say Italy used spyware to target immigrant activists' mobile phones, but not for journalists

    June 6, 2025

    Humanity unveils custom AI models for US national security customers

    June 5, 2025
  • Startups

    7 days left: Founders and VCs save over $300 on all stage passes

    March 24, 2025

    AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

    March 24, 2025

    20 Hottest Open Source Startups of 2024

    March 22, 2025

    Andrill may build a weapons factory in the UK

    March 21, 2025

    Startup Weekly: Wiz bets paid off at M&A Rich Week

    March 21, 2025
  • TechCrunch

    OpenSea takes a long-term view with a focus on UX despite NFT sales remaining low

    February 8, 2024

    AI will save software companies' growth dreams

    February 8, 2024

    B2B and B2C are not about who buys, but how you sell

    February 5, 2024

    It's time for venture capital to break away from fast fashion

    February 3, 2024

    a16z's Chris Dixon believes it's time to focus on blockchain use cases rather than speculation

    February 2, 2024
  • Venture

    Meta reportedly invests billions of dollars in scale AI

    June 8, 2025

    Why investing in a growing AI startup is risky and more complicated

    June 6, 2025

    Startup Battlefield 200: Only 3 days left

    June 6, 2025

    Book all TC Stage Exhibitor Tables before ending today

    June 6, 2025

    Less than 48 hours left until display at TC at all stages

    June 5, 2025
TechBrunchTechBrunch

Greenly raises $52 million to help small businesses track their CO2 emissions

TechBrunchBy TechBrunchMarch 21, 20244 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Telegram Email


Many major companies have announced net-zero emissions targets. And while that alone won't be enough to move the climate needle—it will require trillions of dollars in investment, combined with government action—these goals are on track.

Furthermore, these net-zero targets are trickling down, influencing companies across the supply chain, so-called Scope 3 sources, to achieve similar targets.

“If you're in someone's Scope 3 and this company is making some tough promises, they're going to put pressure on you,” said Greenly co-founder and CEO. (CEO) Alexis Normand told TechCrunch. “For many midmarket and small businesses, not being able to participate in that larger company's reduction strategy effectively locks them out of procurement.”

For well-capitalized companies, tracking carbon emissions across business activities often involves a dedicated team. However, smaller companies may not have that much headcount. These are the companies Greenly is targeting. “We've built our business on helping small and medium-sized businesses meet these new obligations affordably,” Normand said.

Greenly's flagship product is carbon accounting software that ingests customer data such as utility data, freight bills, cloud computing usage, and financial records. We take that information and combine it with our proprietary data and algorithms to calculate carbon emissions by category and range for our customers.

The startup's business is growing steadily. Greenly is a Paris-based company founded in 2019 and last year hit his $10 million-plus annual recurring revenue mark. Normand hopes to double ARR annually over the next few years.

To help achieve these goals, the company aims to expand beyond corporate-level carbon accounting to individual product lifecycle assessments. If these assessments are done manually, they can take weeks or months to complete, and companies can compare their material and energy usage to suppliers to arrive at a single-item carbon footprint figure. It is necessary to aggregate it together with the amount used. Greenly hopes that its automation-focused approach will help small businesses tackle these assessments more quickly and comprehensively by leveraging its carbon accounting expertise.

“Some industries are increasingly demanding that. Just like in manufacturing, you can't sell to General Motors or Ford without disclosing the carbon footprint of every spare part. Apparel. It's becoming the same thing in industry and in construction,” Normand said.

To fund these new initiatives, Greenly recently raised $52 million in Series B, TechCrunch has learned exclusively. The round was led by Fidelity International Strategic Ventures with participation from Benhamou Global Ventures, Energy Impact Partners, Hewlett Packard Enterprise, HSBC, Move Capital, and XAnge. The company's fundraising was well underway before the recent SEC rules were approved, and while the then-proposed rules were not the primary driver of the fundraising, they were a “boost.”

The fact that the latest funding is a hefty Series B makes the company stand out among climate technology companies, which tend to run into early-stage, so-called “missing middle” hurdles before growth stocks step in. Contributing.

Part of that is because Greenly isn't your typical hard-tech climate change startup. The company applies SaaS to climate change technology, and came into the round with the advantage that SaaS is a well-understood business model.

“No one asked us for different metrics that they would expect from other SaaS companies,” Normand says. “Investors were not kind to us because we were climate change engineers. I paid attention to what everyone else was paying attention to.”

Greenly's Series B isn't necessarily a sign that it's getting easier for climate tech startups to make the transition to intermediate rounds. But it does suggest that venture investors are starting to take an interest in climate technology more broadly, proving that there is a market for sustainability-focused companies. This is a change that could ultimately benefit the entire sector.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

7 days left: Founders and VCs save over $300 on all stage passes

March 24, 2025

AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

March 24, 2025

20 Hottest Open Source Startups of 2024

March 22, 2025

Andrill may build a weapons factory in the UK

March 21, 2025

Startup Weekly: Wiz bets paid off at M&A Rich Week

March 21, 2025

Wayve CEO shares his key elements for scaling autonomous driving technology

March 21, 2025

Leave A Reply Cancel Reply

Top Reviews
Editors Picks

7 days left: Founders and VCs save over $300 on all stage passes

March 24, 2025

AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

March 24, 2025

20 Hottest Open Source Startups of 2024

March 22, 2025

Andrill may build a weapons factory in the UK

March 21, 2025
About Us
About Us

Welcome to Tech Brunch, your go-to destination for cutting-edge insights, news, and analysis in the fields of Artificial Intelligence (AI), Cryptocurrency, Technology, and Startups. At Tech Brunch, we are passionate about exploring the latest trends, innovations, and developments shaping the future of these dynamic industries.

Our Picks

iOS 19: All the rumor changes that Apple could bring to the new operating system

June 8, 2025

Meta reportedly invests billions of dollars in scale AI

June 8, 2025

WWDC 2025: What to expect from this year's meeting

June 8, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

© 2025 TechBrunch. Designed by TechBrunch.
  • Home
  • About Tech Brunch
  • Advertise with Tech Brunch
  • Contact us
  • DMCA Notice
  • Privacy Policy
  • Terms of Use

Type above and press Enter to search. Press Esc to cancel.