Cloverly, an innovative technology company based in Atlanta, Georgia that offers a platform dedicated to climate action, has successfully gathered $19 million in a Series A funding round.
Leading the round was Grotech Ventures, backed by a variety of participants such as Aquiline Technology Growth, Impact Engine, Mission One Capital, New Climate Ventures, and CreativeCo Capital. Existing investors including Tech Square Ventures, SoftBank Opportunity Fund, Circadian Ventures, Knoll Ventures, SaaS Ventures, and Panoramic Ventures also contributed to the round.
Cloverly plans to channel these funds towards enhancing its digital infrastructure which is a key player in the voluntary carbon markets, including a new platform for suppliers. Other plans include tripling its workforce and setting up a second operational hub in London.
Under the leadership of CEO Jason Rubottom, Cloverly has emerged as a leading digital force in the voluntary carbon markets. It currently serves over 200 enterprises worldwide across various sectors such as financial services, technology, ESG / carbon accounting, supply chain, and eCommerce. Project developers and suppliers utilize Cloverly’s platform to manage their carbon credit operations, further emphasizing its importance in this growing market.