COMPANY PROFILE

Greenly

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AI-powered carbon accounting and management software platform

Paris, FranceFounded 2019Energy

Valuation $100–250M Last recorded · 2024

Revenue $10–50M Latest reported FY

Headcount 100–500 Current team size

Total funding $50–100M Disclosed equity funding

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About Greenly

Greenly is a climate technology company that provides a software-as-a-service (SaaS) platform for carbon accounting and management. Founded in 2019 by Alexis Normand, Arnaud Delubac, and Matthieu Vegreville, the Paris-based firm aims to make carbon management accessible to businesses of all sizes, including small and medium-sized enterprises (SMEs) and mid-market companies. The initial concept for the company originated during a family vacation in 2019 between Delubac, then a business school student, and his brother-in-law Normand, who had recently left the consumer electronics company Withings. They first launched a mobile app for individuals to track their personal carbon footprints. In 2020, Greenly shifted its focus to the business-to-business (B2B) market.

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The company's platform enables organizations to measure, monitor, report, and reduce their greenhouse gas emissions across Scope 1, 2, and 3 categories. It automates data collection by integrating with over 100 enterprise software systems, including ERP, accounting, logistics, and cloud services. The platform uses both financial transaction data (spend-based) and activity-level data (activity-based) to calculate an organization's carbon footprint. In October 2023, Greenly launched EcoPilot, an AI-powered platform that further automates data collection, structuring, and processing to simplify carbon accounting. The platform provides tools for Life Cycle Assessment (LCA), sustainable procurement, and decarbonization strategy development, helping clients comply with various reporting standards like the GHG Protocol, CSRD, SBTi, and Ecovadis.

Greenly operates on a SaaS business model, with pricing tailored to company size and needs. Its client base spans diverse industries such as technology, finance, consulting, and retail. The company has secured significant funding to support its growth and international expansion. A Series A round in April 2022 raised €21 million, and a Series B round in March 2024 brought in $52 million, bringing its total funding to approximately $75 million. Investors include Fidelity International Strategic Ventures, Energy Impact Partners, XAnge, Hewlett Packard Enterprise, and HSBC. The firm has expanded its operations to the United States and serves over 3,500 clients.

Source: Dealroom company data