Plan A, a renowned player in Europe's corporate carbon accounting, decarbonization, and ESG reporting software sector, has achieved a significant milestone by securing over €25.2 million in funding. The funding round was spearheaded by Lightspeed Venture Partners, with participation from key stakeholders, including Visa, Deutsche Bank, Opera Tech Ventures (the venture capital arm of BNP Paribas), and unicorn founders from prominent companies. This substantial investment comes on the heels of Plan A's remarkable customer growth, with over 1,500 clients, and a staggering 600% surge in software revenues from December 2021 to 2022.
Funding Details
The funding signifies the launch of Plan A's next growth phase. With the fresh capital infusion, the company plans to double its workforce to more than 240 employees, with a particular focus on expanding its market presence in key European regions such as France, the UK, and Scandinavia. Additionally, Plan A aims to enhance its platform's capabilities, focusing on advancing decarbonization tools, expanding Scope 3 coverage, and improving policy alignment features. This strategic approach aligns with Plan A's mission of empowering businesses to self-manage their journey toward net-zero emissions using its comprehensive SaaS platform.
Plan A's Sustainability Platform
Plan A's Sustainability Platform is a science-based SaaS solution covering the entire decarbonization journey. By automatically aggregating essential data across Scopes 1, 2, and 3 and integrating them with national emission factors and datasets, the platform provides detailed emissions profiles and ESG insights through dynamic dashboard views. It enables companies to set science-based net-zero targets and achieve them through a range of decarbonization solutions, best practices, and a network of service providers and sustainability experts. The platform also generates ESG reports that comply with regulations, making deep decarbonization and compliance management more efficient and cost-effective.
Scientific Standards and Certification
To meet the highest scientific standards, all calculations and decarbonization solutions integrated into the platform adhere to internationally recognized methodologies and standards such as the Greenhouse Gas Protocol and the Science Based Targets Initiative (SBTi). The Corporate Carbon Footprint (CCF) calculation methodology's accuracy is certified by TÜV Rheinland, a leading global verification body.
Plan A's successful funding round and expansion plans underscore the critical role it plays in helping businesses navigate the complexities of corporate decarbonization and address global climate change. With an impressive client base and substantial revenue growth, the company is poised to lead the way in advancing sustainability efforts across various sectors. The support of prominent investors further solidifies Plan A's position as a leader in the field, with its platform offering valuable solutions for organizations of all sizes on their decarbonization journey.
