The funding will help the company support large-scale deployment and increase its employee headcount. Here are the top-line bullets you need to know.
Greenly, a carbon emissions management platform for SMEs, has raised $23M in a Series A. The round drew participation from Energy Impact Partners and XAnge Private Equity, among others.
HOW’S THE COMPANY PERFORMING?
- France-based Greenly offers a mobile app that measures users’ carbon footprints and rewards them for lowering their emissions.
- It has developed integrations with over 100 business applications.
- The company has over 400 corporate clients, including AXA, Renault Group, and Big Ben Connected.
- The startup claims that it enables users to reduce their carbon emissions by 70%.
- Greenly is supported by a team of about 50 employees and plans to triple its workforce.
- The company maintains offices in France and the US.
Source: Greenly
WHY DOES THE MARKET MATTER?
- The global emissions management software (EMS) market is expected to reach a value of $43.6B by 2030, growing at a CAGR of 15.7%, according to Allied Market Research.
- Consumers have become increasingly aware of their own carbon footprints, driving growth in this market.
- The advancement of AI and cloud technologies and their application to EMS solutions is expected to have a positive effect on this market.
