The startup, co-founded by Alexis Normand, Matthieu Vegreville, and Arnaud Delubac (MS ESSEC-Centrale), welcomes Fidelity International Strategic Ventures as an investor.
This new funding round confirms the leading position of Greenly in a booming market, driven by new regulations such as the Corporate Sustainability Reporting Directive (CSRD) in the EU and the recent requirement for listed US companies to report their GHG emissions annually.
With this €49M funding, Greenly aims to establish itself as the catalyst for corporate environmental transition. This funding round strengthens Greenly's role as an accelerator of change for businesses, at a time when tracking and reducing emissions are becoming business imperatives for all companies, regardless of their size.
In addition to the US fund Fidelity International Strategic Ventures, this funding round welcomes new investors such as Benhamou Global Ventures, Move Capital, HP Enterprise, and HSBC, while existing partners, XAnge and Energy Impact Partners, reiterate their support. Brian Halligan, co-founder and chairman of HubSpot, also brings his expertise to support Greenly's development. The startup thus hopes to more widely deploy carbon accounting through its partners' financial and technological networks.
Greenly will continue its international expansion and further enhance its suite of climate solutions designed to help companies internalize climate expertise to deploy a true emissions reduction strategy.
The all-in-one solution to facilitate corporate climate strategy
Greenly's Series B propels the startup as a new global benchmark in carbon accounting. This advancement is possible thanks to an all-in-one solution that addresses all corporate environmental needs.
Beyond compliance with CSRD (Europe) or SEC (USA) reporting requirements, its Climate Suite offers companies the ability to plan their decarbonization and reduce their emissions in accordance with international frameworks such as the SBTi initiative.
The launch of the new Climate Academy Greenly addresses the growing demand from organizations for developing in-house climate expertise. It offers certification programs for executives covering a wide range of topics, from general climate strategy and specific knowledge on legal compliance, to detailed carbon methodologies and decarbonization strategies tailored to each sector.
Product managers will benefit from the integration of a new tool forLife Cycle Assessment (LCA), enabling them to track product emissions and engage in eco-design. Furthermore, Greenly Cloud+ enables IT departments to effectively reduce data center emissions, while Greenly's Sustainable Procurement solution integrates procurement software to actively involve suppliers in decarbonization efforts.
An ever more accurate platform through collaborative data sharing
Leveraging generative AI, Greenly optimizes the collection of corporate data from multiple software sources (utilities, ERP, cloud, freight, etc.) and automates analyses using a large user-generated learning database.
With some 2,000 clients and nearly 50 million tCO2e under management, Greenly has built a dynamic community whose collective action continuously improves the accuracy and relevance of data and recommendations, effectively reducing emissions.
As carbon accounting becomes a new standard, Greenly continues to refine its offering to provide the best user experience, relying on a professional-grade infrastructure. By integrating new companies, Greenly aims to manage and reduce 1 billion tCO2e by 2030.
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