E15: Greenly CEO Alexis Normand on Series B Funding, Carbon Accounting Software Expansion

How did Greenly raise $52 million in Series B funding, and how will the carbon accounting software company leverage that venture capital money for business expansion? Greenly CEO Alexis Normand shares answers in this Sustainable Tech Partner podcast (Episode 15).

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Our conversation occurred on March 20, 2024 -- one day before Greenly publicly announced Series B funding led by Fidelity International Strategic Ventures; new participation from BGV (Benhamou Global Ventures), Move Capital, Hewlett Packard Enterprise and HSBC; continued participation from XAnge and Energy Impact Partners; and angel investment dollars from HubSpot Co-Founder Brian Halligan.

Related: Why HPE invested in Greenly

Greenly CEO Alexis Normand: Series B Funding Conversation

The podcast conversation covers:

• 0:00 - Overview
• 0:24 - Introductions and an overview of Greenly's mission as a mainstream carbon accounting software platform.
• 2:59 - How Greenly tripled its customer base since 2022, and the influence of carbon accounting regulations across supply chains.
• 5:42 - Tips for newer listeners and readers: Learn about CSRD in Europe and the international implications; California's regulations; and the SEC climate disclosure regulation (which faces legal challenges as March 2024).
• 7:31 - Understanding a carbon accounting software suite: What the platform involves.
• 10:00 - Will online marketplaces eventually display carbon emissions and carbon footprint information for products in order to improve comparison shopping?
• 11:49 - The Greenly Series B Funding Round: $52 million. How have the funding market and Greenly evolved since a Series A funding round in 2022?
• 16:20 - Greenly's business priorities and how the company will leverage the Series B funding: Going deep into specific verticals, developing a Lifecycle Assessment Builder and more.
• 19:52 - Launching a Climate Academy to educate customers and partners.
• 20:50 - Fast fact: 70% of Greenly customers are first-time carbon accountants.
• 21:10 - Making it easier for SMB customers to consume carbon accounting software: Where do channel partners, solutions providers and integrators potentially fit in?
• 23:12 - Finding more information: Greenly.earth and self-service capabilities.
• 24:17 - Conclusion

Related: See more podcasts here.