Friday, November 8, 2024
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ClearTrace: Raises $4M in Series A Financing

  • ClearTrace provides automated energy and carbon accounting for investors, enterprises, and real estate owners, raised $4m in Series A financing
  • The round was led by Clean Energy Ventures with participation from Brookfield Renewable Partners and Clean Energy Venture Group
  • The company also intends to use the funds to accelerate growth and deploy additional market-driven solutions to a broad base of enterprises and asset managers
  • Led by Lincoln Payton, CEO, ClearTrace provides a carbon accounting platform that brings transparency to corporate carbon reduction by enabling auditable
  • ClearTrace also uses cloud technology to digitize the entire energy supply chain and deliver granular, real-time carbon impact data from energy-related activities
  • Customers include multinational corporations, financial service companies, real estate holding companies, and competitive energy suppliers

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