Greenly, a pioneering carbon accounting startup based in Paris, has announced a significant €48M Series B funding round led by Fidelity International Strategic Ventures. This round marks a major milestone for the startup, following a €21.27M Series A funding co-led by Energy Impact Partners and Xange.
New investors BGV (Benhamou Global Ventures), Move Capital, Hewlett Packard Enterprise, and HSBC joined the round, alongside existing partners XAnge and Energy Impact Partners. Brian Halligan, co-founder and chairperson of HubSpot, also contributed, bringing valuable experience to further Greenly’s mission.
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Expanding Global Reach and Climate Suite Capabilities
The funding will enable the startup to expand its global presence and enhance its comprehensive Climate Suite. This platform allows companies to budget decarbonization efforts and reduce emissions in alignment with international frameworks like SBTi. Alexis Normand, CEO and co-founder of Greenly, emphasized the funding’s role in accelerating the company’s mission to simplify carbon management and foster a transformation toward sustainability within corporate cultures.
Making Carbon Accounting Intuitive and Accessible
Founded in 2019 by Alexis Normand, Matthieu Vegreville, and Arnaud Delubac, Greenly aims to make carbon accounting intuitive and affordable for SMBs and mid-market companies. The platform facilitates the measurement, monitoring, reduction, and offsetting of carbon footprints in accordance with international standards such as the GHG Protocol. Greenly’s technology automates data collection and carbon analytics through integrations with over 100 enterprise software programs, enhancing organizations’ in-house climate expertise through its Climate Academy.
Integrated Solutions for Sustainable Business Practices
The french company offers an integrated Life Cycle Assessment (LCA) Builder, a Cloud solution for IT departments to reduce data center emissions, and Sustainable Procurement to ensure suppliers contribute to low-carbon roadmaps. With around 2,000 global customers managing nearly 50 million tons of CO2, Greenly partners with corporations like BNP Paribas, AXA, and L’Oreal to promote decarbonization across wider networks.
Investor Confidence
Erik Mostenicky, Principal at Fidelity International Strategic Ventures, praised Greenly’s impressive platform and services that extend beyond emissions compliance monitoring. He highlighted Greenly’s role in leading the global shift towards comprehensive carbon and greenhouse gas emission management, marking a significant step towards universal corporate sustainability.
With this Series B funding, the firm is well-positioned to lead the charge in emissions management, empowering companies to manage their emissions proactively and become part of a greener energy transition.
