French carbon accounting startup greenlee announced a $52 million Series B funding round led by Fidelity International Strategic Ventures, two years after a successful $23 million Series A.
Founded in 2019, Greenly makes carbon accounting intuitive, accurate, and affordable for small and medium-sized businesses. Greenly offers a comprehensive Climate Suite that helps businesses become frontrunners in the energy transition.
Streamline the collection of large enterprise datasets derived from multiple software resources (utilities, ERP, cloud, freight, etc.) and automate analysis with rich, unique user-generated learning.
With this latest fundraising effort, Greenly is responding to large-scale adoption efforts driven by new regulations such as the EU's Corporate Sustainability Reporting Directive and recent U.S. greenhouse gas (GHG) emissions reporting requirements for public companies. We have established ourselves as a world leader in our promising markets.
Alexis Normand, CEO and co-founder of Greenly, said:
“Soon, monitoring GHG emissions will be as routine as monitoring financial health. All companies, regardless of size, industry, or geography, will have the tools to effectively manage their emissions. Must be.
Greenly's goal is to help businesses quickly enter a new era where long-term value is synonymous with sustainable growth.
We're here to simplify carbon management and make it a fundamental aspect of every organization's core practices.
Our focus goes beyond regulatory compliance. We are driving major sustainability changes within our corporate culture. Our technology is designed to be accurate and user-friendly, allowing everyone to participate in this important movement. ”
This funding will enable Greenly to expand its global footprint and solidify its position. This will facilitate a shift from an outdated model in which climate expertise is a low priority for companies and is sourced externally, to a model in which they develop internal climate knowledge and implement effective mitigation strategies.
In addition to Fidelity International Strategic Ventures, this funding round welcomes BGV (Benhamou Global Ventures), Move Capital, Hewlett Packard Enterprise, HSBC, and existing partners including XAnge and Energy Impact Partners. Brian Harrigan, co-founder and chairman of HubSpot, also participated in the round.
Eric Mostenicki, principal at Fidelity International Strategic Ventures, said:
“We are pleased to support Greenly as they strive to make emissions management accessible to everyone. In a short period of time, the Greenly team has developed an excellent platform and wide range of services that go beyond emissions compliance monitoring. .”
With strong regulatory tailwinds, Greenly is positioned to lead the global transition to comprehensive carbon and greenhouse gas emissions management. ”
“We're excited to partner with Hewlett Packard Enterprise to deliver the best results to our customers,” said Fidelma Russo, executive vice president, general manager, hybrid cloud, and chief technology officer at Hewlett Packard Enterprise.
“Achieving sustainability goals in a hybrid IT environment can be complex and challenging for even the most sophisticated companies.
We're excited to partner with Greenly to provide businesses with the tools they need to monitor, track, and minimize their carbon footprint within their IT infrastructure.
Greenly plans to manage and reduce 1 billion tons of CO2 by 2030.
Lead image: Left to right: Laetitia Carle (France COO and Director General), Matthieu Vegreville (CTO and Co-Founder), Alexis Normand (CEO and Co-Founder), Arnaud Delubac (CMO and Co-Founder). photograph. No credits.
