The emergence of a decarbonization platform
Greenly, a carbon accounting specialist for SMEs, has closed a Series A funding round of €21 million (US$23 million). This new funding round was led by Energy Impact Partners (EIP), a US fund dedicated to energy transition, and XAnge, an early-stage investment fund based in Paris, Berlin, and Munich, specializing in tech companies. Among these investors, several new ones are joining the round, including Jean-Baptiste Rudelle, founder of Criteo and the Galion Project. These funds will enable Greenly to upgrade its software and expand commercially on a large scale, enriching its platform with new data with each new client.
Breaking away from a niche market previously dominated by ad-hoc consulting assignments focused on large corporations, Greenly aims to democratize carbon accounting for SMEs and enable real-time tracking. This is an opportunity to develop collective intelligence to provide all its clients with more precise measurements and more targeted recommendations.
Democratizing Carbon Accounting for SMEs with AI
"Today, barely 20% of corporate carbon emissions are tracked and managed, and this primarily concerns large corporations that allocate budgets exceeding €15,000 by engaging consulting firms. SMEs are unwilling to undertake their carbon footprint due to a lack of financial and human resources. Under these conditions, it's impossible to meet the Paris Agreement's goal of achieving Net Zero by 2050 to limit global warming. A digital solution like Greenly enables all SMEs to track their emissions, thereby aligning their business trajectory with a climate trajectory. It is through such tools that carbon accounting can be made widespread across all businesses. ," explains Alexis Normand, CEO and co-founder of Greenly.
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