Greenly (CentraleSupélec Program) raises 3M$ to begin its international expansion

Created in 2019 by Alexis Normand, Matthieu Vegreville and Arnaud Delubac, Greenly is entering a new phase of scaling. The company, part of CentraleSupélec & BNP Paribas programs at STATION F, just announced a 3M$ raise with tech investors such as Alexandre Prot, CEO and co-founder of Qonto, Bertrand Jelensperger, founder of TheFork or Thibault Lanthier, CEO of MonDocteur sold to Doctolib. The round is also supported by VC fund “French Partners” and BPI. In 2020, the green fintech startup had already raised an initial 600.000$.

Greenly, specialized in seamless carbon tracking, has developed an AI-powered analytics & recommendation engine to suggest practical ways to reduce one’s emissions, for example suggesting less carbon-intensive alternatives to suppliers. The company has convinced more than hundred scale-ups and unicorns in France to use its solution, including Payfit, Swile, Konbini, Foodles, LeoCare, Foodchéri, Outsight, Alma etc.

This fundraising will help Greenly to accelerate the developments of its SaaS software, and make carbon footprint tracking even simpler for SME but also to expand the technical & R&D teams, recruit more carbon footprint experts and build a sales team capable of scaling beyond France, in Europe and the United States. The company’s goal is to go from a few hundred customers to a few thousand.

“Greenly's vision is that all companies should play a role in fighting against global warming. You cannot improve something you don’t measure. But you also need simple tools that any SME can use to make this measure and reduction within reach. We had to invent the software that merges financial and carbon accounting. We are proud to contribute to this revolution”, said Alexis Normand, CEO & co-founder of Greenly.