Softbank, Demetar and coparion invest $3M into Plan A‘s B2B carbon monitoring and ESG platform
Plan A, a Berlin-based automated SaaS B2B startup, has raised $3 million for its platform that lets companies measure, monitor, reduce and report their environmental footprint thus improving their ESG ratings. French VC Demeter led the round, with German VC Coparion and Softbank joined the round as a strategic investor. The cash will be used to enhance Plans A’s carbon emission and ESG management software for enterprise customers in Europe, and for international expansion.
Some estimates put the market for emission management solutions at between $10 billion and $26 billion in the next five years. The US Green Deal and new “EU taxonomy for sustainable activities” is putting pressure on businesses to manage their carbon emissions, leading to the ride of platforms like Plan A. Emitwise in the UK has raised $3.4M and there is also while Watershed. However, Plan A says its platform is more comprehensive than other players because of its ongoing automation and monitoring of a company’s carbon output.