Optera, a Boulder, CO-based company providing ESG and carbon management software, raised $12M in Series A funding.
The round was led by Next Frontier Capital with participation from Blackhorn Ventures, Mucker Capital, Overture, Engage, Massive, SaaS Ventures, Valo Ventures, AngelList, and Stout Street Capital. Adrian Tuck, former CEO of clean energy technology provider Uplight, will join the board to support Optera’s further growth and development, along with Blackhorn Ventures Managing Partner Melissa Cheong.
The company intends to use the funds to accelerate its product innovation and grow the sales and marketing teams to reach a global scale.
Led by CEO Tim Weiss, Optera delivers carbon management software that enables companies to reduce the climate impacts of their operations, supply chains, and products. The platform currently tracks emissions associated with more than $180 billion in supply chain spend. It connects customers to their value chain and provides a support informed experience. Clients lead many of established corporate sustainability programs, from Dell and HPE to Grove Collaborative and Williams-Sonoma. Optera also partners with NGOs such as BSR, CDP, and the World Economic Forum to advance corporate ESG practices globally.
FinSMEs
12/09/2023