Carbon accounting startup Plan A secures $27M to expand across Europe

2 min read


Berlin’s corporate carbon accounting platform Plan A has just received a fresh boost of capital in the form of $27mn from Lightspeed Venture Partners, Visa, and others. The ESG reporting SaaS startup will use the money to double its headcount to 240+ employees and expand market presence across Europe, particularly in Scandinavia, France, and the UK. 

Greentech software provider Plan A was founded in 2017 by Lubomila Jordanova and Nathan Bonnisseau. Its platform offers companies — waking up to increasing climate risk and under mounting pressure to decarbonise operations — the possibility to “self-manage” their entire net-zero journey. This includes data collection over emissions calculation, target setting, decarbonisation planning, and non-financial reporting.

“Climate change and the associated impacts pose an existential risk to businesses. It’s our mission at Plan A to provide made-to-measure software solutions and services to empower large and complex companies to decarbonise their operations and value chains and respond to the regulatory shift,” Jordanova, the company’s CEO said in a statement. She further added that Plan A was “over the moon to bring these stellar investors onboard.” 

Screen shot of Plan A platform