ImpactAlpha, April 26 – Small businesses’ small carbon footprints add up. And as suppliers and distributors for larger corporations, measuring and managing their emissions is key to the low-carbon transition. Yet many small businesses lack the skills or time to do so.
French startup Greenly’s software helps small firms estimate emissions from energy usage and e-commerce services and collect data from their suppliers. Greenly aims to be for carbon tracking what Quickbooks is for small-business accounting.
Its $23 million Series A round was led by Energy Impact Partners and XAnge.
Plenty of startups are helping big businesses track and manage their carbon footprints. Swedish startup Normative, backed by Google, offers a version of its carbon emissions tracker for small businesses. SME Climate Hub has developed a carbon toolkit for small businesses. In Germany, Vaayu closed a seed round of $11.5 million to offer carbon-tracking software to retailers.
Also in Germany, Klima secured €10 million ($11 million) to help companies educate and empower workers to be more climate-minded and offset personal emissions.