Carbon accounting startup Plan A has just secured $27 million in a round led by Californian tech investor Lightspeed Venture Partners.
Berlin-based Plan A, founded in 2017, is one of many startups helping big companies measure and manage their carbon emissions.
Carbon accounting companies raised $5 billion at the sector's 2021 peak, per PitchBook, as venture capitalists and large asset managers piled into the buzzy category.
One way Plan A differentiates itself is its steady pace, cofounder and CEO Lubomila Jordanova told Insider.
Operating in a hype market can be tricky because it deflates the value of carbon accounting in the long term, she said.
Persons:
Lubomila Jordanova, Jordanova
Organizations:
Lightspeed Venture Partners, Visa, Deutsche Bank, Opera Tech Ventures, BNP, BMW, BMW Group, Greenhouse, TÜV Rheinland
Locations:
Berlin, Europe, France, Scandinavia, Paris, London