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Greenly lands $52M to help smaller companies track CO2 emissions
The carbon accounting startup targets SMBs to help them assess the carbon footprint of their operations and products.
When undertaken manually, these assessments can take weeks to months to complete, requiring companies to tally their materials and energy usage along with that of their suppliers to arrive at a carbon footprint figure for a single item. Greenly is hoping its automation-heavy approach will help smaller companies tackle those assessments more quickly and comprehensively by drawing on its carbon accounting expertise. The fact that the fundraise is a sizable Series B helps it stand out among climate tech companies, which tend to encounter hurdles after the early stages before growth equity can step in, the so-called missing middle.
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