Plan A, a European provider of carbon measurement, reporting, and reduction software, has secured $27 million in funding to support its expansion and platform development efforts. Founded in 2017, Plan A offers software for corporate carbon accounting, decarbonization, and ESG reporting.
The company’s Sustainability Platform automates the tracking of emissions across Scopes 1, 2, and 3, integrating them with national emission data. This allows users to establish and achieve science-based targets and manage the net-zero process, from data collection to non-financial reporting. Plan A’s solutions adhere to recognized scientific methodologies and standards like the Greenhouse Gas Protocol and the Science Based Targets initiative (SBTi), with the accuracy of their Corporate Carbon Footprint (CCF) calculation methodology certified by TÜV Rheinland.
Plan A has grown its customer base to over 1,500 clients and experienced a revenue increase of over 600% year-over-year in 2022.
The funding will be used to double the company’s workforce to 240 employees and expand its presence in Europe, particularly in France, the UK, and Scandinavia. Additionally, Plan A plans to enhance its platform’s Scope 3 coverage, actionability, and policy alignment capabilities.
The funding round was led by Lightspeed Venture Partners and included participation from Visa, Deutsche Bank, Opera Tech Ventures (the VC arm of BNP Paribas), and existing investors such as HV Capital, Keen Venture Partners, Demeter IM, and coparion. Julie Kainz, Partner at Lightspeed Venture Partners, praised Plan A’s platform for its potential to drive global change in organizations of all sizes across various sectors.
By FCCT Editorial Team freeslots dinogame telegram营销
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