Greenly announced securing $52 million in Series B funding to advance its growth and expand its suite of solutions for companies to track and regulate carbon emissions. Founded in 2019 by Alexis Normand, Matthieu Vegreville, and Arnaud Delubac, Paris-based Greenly offers tools for businesses, including mid-market and small enterprises, to monitor, reduce, and report emissions. Its offerings include the Climate Suite for emissions reduction aligned with frameworks like SBTi, Climate Academy for building climate expertise, Greenly Cloud for reducing data center emissions, and Greenly Sustainable Procurement to ensure suppliers contribute to low-carbon initiatives.
The funding reflects the growing demand for carbon accounting solutions due to regulations like the EU’s CSRD and new SEC requirements. Fidelity International Strategic Ventures led the funding round, with participation from new investors BGV, Move Capital, Hewlett Packard Enterprise, and HSBC, as well as existing investors XAnge and Energy Impact Partners. Erik Mostenicky of Fidelity International Strategic Ventures highlighted Greenly’s efforts to democratise emissions management and facilitate companies’ engagement in sustainable practices.
Source– “Carbon Accounting and Management Startup Greenly Raises $52 Million | ESG Today
About the Authors
Associate Director, Investment Banking
Prachurjya has over 16 years of experience in investment banking with Acuity Knowledge Partners. At Acuity, he has led sector and product-specialist pilot teams across Capital Markets, ESG, Debt Advisory, Loan Syndications, Metals & Mining and Real Estate. He has been actively involved in setting up and on-boarding new ESG Advisory, ESG DCM and Sustainable Finance teams for various bulge bracket investment banks. Within DCM and Rating Advisory, he has been instrumental in helping the clients achieve over 30% in annual savings on both regular and adhoc tasks through standardization of the outputs and deployment of our proprietary BEAT tools.
Delivery Manager, Investment Banking
Puja has 7 years of extensive experience in ESG, Climate Change & Sustainability and she is supervising the ESG team at Acuity. She also has diverse experience in conducting ESIA, EHS compliance audits, ESG Risks and Controls, EHS & ESG Due Diligence assessments. Prior to joining Acuity, she was working with companies like KPMG Global Services, EY India and ERM India. She has expertise in provisioning extensive research requirements for clients through preparation of Peer Benchmarking, Target Compilation, Sustainability report, Sustainable Finance Updates and Sectoral ESG Thematic Detailing Engagement.
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