At a time when the ecological transition is becoming a global priority, French startup Greenly stands out for its innovations in carbon accounting. Having raised an impressive €49 million in funding, Greenly has positioned itself as a leader in climate tech and a key player in the fight against climate change.
Greenly in brief
Greenly was founded in 2019 by Alexis Normand, Matthieu Vegreville, and Arnaud Delubac, three visionaries with a passion for the environment and new technologies. The idea was born out of a shared desire to simplify carbon accounting for businesses, enabling them to measure, reduce and offset their carbon footprint efficiently and accurately.
Since its creation, Greenly has specialized in carbon accounting solutions. Its flagship product is a SaaS platform that enables companies to track their CO2 emissions in real time. The platform uses advanced algorithms to analyze companies' financial and operational data and provide detailed reports on their environmental impact. Greenly also offers consulting services to help companies develop emission reduction strategies and obtain sustainability certifications.
Greenly conquers the world
From its modest beginnings, Greenly has grown exponentially. In less than five years, it has gone from being a small start-up to a key player in the field of climate tech. This rapid growth is due to a combination of factors: the growing demand for carbon accounting solutions, the quality and innovation of its products, and a development strategy focused on internationalization.
In 2022, Greenly opened offices in London and New York, strengthening its presence in English-speaking markets. The company also expanded its product offering by integrating new functionalities into its platform, such as climate scenario simulation tools and automated reporting in line with international standards.
The keys to Greenly's success
Greenly has successfully raised several major rounds of financing since its inception. After an initial round in 2020 that raised 2 million euros, the company completed a 10 million euro Series A in 2022. In March 2024, Greenly reached a new milestone by raising €49 million in a Series B round, led by Energy Impact Partners and XAnge.
This capital injection will enable Greenly to accelerate its technological development, expand its team and strengthen its international presence. In terms of sales, Greenly has recorded growth of over 150% in 2023, reaching 20 million euros. The company is now aiming for a market value of 500 million euros by 2025.
Greenly: key information
The Greenly team currently numbers 160 employees.
Latest round of financing at 49 million euros
Diversification of products adapted to international markets. It works with over 2,000 companies in Europe and the United States, including LVMH, L'Oréal and TripAdvisor.
"We are at the beginning of a new era. Companies have all the keys in hand to help us move as quickly as possible towards a decarbonized economy", Arnaud Delubac tells Forbe magazine.s.
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