GreenPlaces Secures $4M in Seed Funding

RALEIGH, N.C., Oct. 13, 2022 /PRNewswire/ -- GreenPlaces, the "sustainability for all" climate platform, announced that it has raised $4 million in seed funding led by Felicis, with participation from Bull City Venture Partners and a number of high-profile angel investors including Howard Lerman & Brian Distelberger (co-founders of Yext), Scot Wingo (founder of ChannelAdvisor), Jesse Lipson (founder of ShareFile), Todd Olson (founder of Pendo), Kyle Porter (Founder of SalesLoft), and Baker Shogry (former head of Product at Plaid). GreenPlaces has raised $5 million to date and will be using this fresh round of capital to double the size of the team over the next year.

GreenPlaces integrates with hundreds of common tools like Rippling, Workday, ADP, Netsuite, and Quickbooks, making sustainability reporting seamless, accurate, and less time intensive than other platforms. It connects to nearly all US energy, water, and natural gas utilities to give businesses full visibility into their emissions with half the effort. The platform analyzes the data it collects, and combines that with industry expertise to make personalized recommendations for businesses which allows companies the tedious process of manual data entry by connecting tools they already use.

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