Lightspeed and leading global financial institutions invest $27M in Plan A to scale its business decarbonisation platform
● Funding follows significant growth in clients and revenues, strong partnerships, and leading business decarbonisation and policy alignment software
● Capital used to scale French, UK, and Scandinavian markets, double the headcount, and advance platform’s decarbonisation tooling, Scope 3 data processing, and reporting capabilities
● Clients such as Chloé, BMW, Deutsche Bank, Visa, GANNI, N26, HomeToGo, trivago, Personio, Sorare, KFC, and DFB rely on Plan A Sustainability Platform
● Julie Kainz, Partner at LSVP: “The strength and flexibility of Plan A’s platform has the capabilities to drive change in organisations from across sectors on a global scale.”
Berlin/Paris/London, 19 September 2023. Plan A, Europe’s leading corporate carbon accounting, decarbonisation, and ESG reporting software provider, has closed a $27M funding round led by Lightspeed Venture Partners. Visa, with whom Plan A signed an exclusive global partnership in December 2022 (see press release here), has also joined the round, along with Deutsche Bank, Opera Tech Ventures (VC arm of BNP Paribas), and a large number of unicorn founders, including those of Supercell, Aiven, Zalando, and Wolt. All existing investors such as HV Capital, Keen Venture Partners, Demeter IM, and coparion have also participated. Plan A was able to secure the investment as it has demonstrated significant growth in customer base (1,500+ clients) and software revenues (>600% YoY Dec 2021–22), a pan-European partnership network, and a market-leading climate data processing and business decarbonisation technology.
Click here to view the press release.
