- Fidelity International Strategic Ventures leads $52M funding for Greenly’s carbon accounting tech, enabling global reach and solidifying position
- Greenly makes carbon accounting intuitive, precise, and affordable for SMEs and mid-market companies
- Greenly’s Climate Suite streamlines data collection and automates analytics to help companies lead in energy transition
- New regulations like the EU’s Corporate Sustainability Reporting Directive and US GHG reporting requirement drive market adoption
- Greenly aims to simplify carbon management, foster sustainability, and reduce 1 billion tons of CO2 by 2030
Greenly Funding Fidelity: Revolutionizing Carbon Accounting for Businesses
In the realm of sustainability and environmental responsibility, the significance of accurate carbon accounting cannot be overstated. Greenly, a French startup founded in 2019, has been at the forefront of making carbon accounting intuitive, precise, and affordable for small and medium-sized enterprises (SMEs) and mid-market companies. The recent news of Fidelity International Strategic Ventures leading a $52 million funding round for Greenly’s carbon accounting technology marks a significant milestone in the company’s journey towards global leadership in this crucial sector.
Empowering Businesses with Climate Suite Innovations
Greenly’s comprehensive Climate Suite stands out as a game-changer for companies aiming to become pioneers in the energy transition. By offering a streamlined approach to collecting and analyzing vast corporate datasets from various software resources like Utilities, ERP, cloud services, and freight systems, Greenly enables businesses to automate their carbon accounting processes efficiently. This innovative technology not only simplifies regulatory compliance but also fosters a profound transformation towards sustainability within corporate cultures.
According to Alexis Normand, CEO and co-founder of Greenly, the goal is to equip companies of all sizes, industries, and geographical locations with the necessary tools to manage their greenhouse gas (GHG) emissions effectively. Normand envisions a future where monitoring GHG emissions becomes as routine as overseeing financial health, emphasizing the importance of integrating sustainable practices into the core operations of every organization. With a focus on precision and user-friendliness, Greenly’s technology aims to democratize carbon management and encourage widespread participation in the global sustainability movement.
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Strategic Funding for Global Expansion and Innovation
The recent $52 million Series B funding round led by Fidelity International Strategic Ventures not only validates Greenly’s position as a market leader but also provides the necessary resources to expand its global reach and enhance its technological capabilities. This funding infusion signifies a shift towards prioritizing climate expertise within companies, moving away from traditional models of externally sourced sustainability solutions towards cultivating in-house knowledge and implementing effective carbon reduction strategies.
In addition to Fidelity International Strategic Ventures, other prominent investors such as BGV, Move Capital, Hewlett Packard Enterprise, HSBC, and existing partners like XAnge and Energy Impact Partners have shown confidence in Greenly’s vision for sustainable growth. The participation of industry leaders like Brian Halligan, co-founder of HubSpot, further underscores the significance of Greenly’s mission to drive comprehensive carbon and greenhouse gas emission management on a global scale.
Impactful Partnerships Driving Sustainability Goals
Erik Mostenicky of Fidelity International Strategic Ventures commended Greenly for its impressive platform and services that go beyond emissions compliance monitoring. With regulatory trends favoring comprehensive carbon management, Greenly is well-positioned to lead the charge towards a more sustainable future. Fidelma Russo of Hewlett Packard Enterprise highlighted the complexities of achieving sustainability targets in hybrid IT environments and expressed excitement about partnering with Greenly to empower businesses to monitor and reduce their carbon footprint effectively.
In line with its ambitious targets, Greenly aims to manage and reduce 1 billion tons of CO2 by 2030, signaling a commitment to making a tangible impact on global emissions. Through strategic partnerships, innovative technologies, and a clear vision for sustainable growth, Greenly is poised to drive meaningful change in the way businesses approach carbon accounting and environmental stewardship.
Lead Image: L-R: Laetitia Carle (COO and Director-General, France), Matthieu Vegreville (CTO and co-founder), Alexis Normand (CEO and co-founder), Arnaud Delubac (CMO and co-founder). Photo. Uncredited.
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Links to additional Resources: 1. https://www.greenly.earth/ 2. https://www.carbonfootprint.com/ 3. https://www.climatepartner.com/