5 SaaS Startups in the Sustainability Industry

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in the Sustainability industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 5 VC funded SaaS startups in the Sustainability industry.

Novisto

The end-to-end enterprise software Novisto enables businesses to derive value from their ESG strategy, data, and reporting. It is designed for better corporate sustainability management. Novisto helps businesses own their ESG story while streamlining every stage of the sustainability management journey. By empowering businesses to generate wealth via sustainability, our mission is to develop a more diverse and resilient society.

Company details:
Founders:
Charles Assaf, Edouard Clement, Marian Borca
Founded:
2019
Based in:
Montréal, Quebec, Canada
Website:
Novisto
Industries:
Enterprise Software, Management Information Systems, SaaS, Software, Sustainability
Latest funding:
$7,955,943
Series A
25 May 2021
Total funding:
$9,310,784
Investors
Diagram Ventures, White Star Capital

Persefoni

Persefoni is a Climate Management & Accounting Platform (CMAP). The company's Software-as-a-Service solutions enable enterprises and financial institutions to meet stakeholder and regulatory climate disclosure requirements with the highest degrees of trust, transparency, and ease. As the ERP of Carbon, the Persefoni platform provides users a single source of carbon truth across their organization, enabling them to manage their carbon transactions and inventory with the same rigor and confidence as their financial transactions.

Company details:
Founders:
Jason Offerman, Kentaro Kawamori, Kim Stroh
Founded:
2020
Based in:
Tempe, Arizona, United States
Website:
Persefoni
Industries:
Analytics, CleanTech, GreenTech, SaaS, Software, Sustainability
Latest funding:
$101,000,000
Series B
28 October 2021
Total funding:
$114,200,000
Investors
Alumni Ventures, The Rise Fund, Sumitomo Mitsui Banking Corporation, Prelude Ventures, Bain & Company

Spoiler Alert

A Boston-based software startup called Spoiler Alert assists perishable CPG brands in managing excess and sluggish inventory. Spoiler Alert, which only operates at the manufacturing plant or distribution center level, provides a best-in-class B2B sales platform that enables food and beverage brands to manage their liquidation processes across a private network of discount retailers and nonprofit channels - with a strong emphasis on maximizing value recovery, strengthening customer relationships, and improving the effectiveness of supply chain managers tasked with managing these typically manual sales processes. Spoiler Alert, a company founded by MIT graduates, collaborates with some of the biggest companies in the world, such as Campbell's, Danone, HelloFresh, KeHE Distributors, and Kraft Heinz, as well as a growing network of discount channels devoted to expanding access to inexpensive food.

Company details:
Founders:
Emily Malina, Marty Sirkin, Ricky Ashenfelter
Founded:
2015
Based in:
Boston, Massachusetts, United States
Industries:
B2B, E-Commerce Platforms, Enterprise Software, Food and Beverage, Recycling, SaaS, Software, Supply Chain Management, Sustainability, Waste Management
Latest funding:
$11,000,000
Series A
1 December 2021
Total funding:
$16,168,000
Investors
Techstars, Collaborative Fund, MassChallenge, Maersk Growth, Acre Venture Partners

The Build Chain

The Build Chain connects contactors nationally to suppliers locally. Make procurement easy with The Build Chain. An easy-to-use online platform that transforms the process of hiring equipment and buying materials. We do the leg work so that you don't have to. Our platform allows our users to drive enquiries online - filtering by stock and location to ultimately save time and money. Whether you are a merchant or supplier, contractor, or manufacturer, our digital dashboard makes it simple to source quotes, streamline enquiries, and expand your customer base.

Company details:
Founders:
Matthew McClune, Neil Sheldon
Founded:
2021
Based in:
Doncaster, Doncaster, United Kingdom
Industries:
B2B, Building Material, Construction, SaaS, Software, Sustainability
Latest funding:
$679,840
Seed
20 January 2022
Total funding:
$846,987
Investors
Finance Yorkshire

TrusTrace

TrusTrace journey began when four techie-friends, during a regular meet-up started discussing about the environmental impact of certain goods they used and how their purchasing decisions would change if such information was available. The discussion led to the idea of TrusTrace which enables Conscious Consumerism and Conscious Production. TrusTrace cloud based solution enables customers with varying levels of supply chain complexity and integration to Measure, Monitor and Communicate about various aspects of a product - quality, impact on environment, social impact.

Company details:
Founders:
Hrishikesh Rajan, Madhava Venkatesh, Saravanan Parisutham, Shameek Ghosh
Founded:
2016
Based in:
Stockholm, Stockholms Lan, Sweden
Website:
TrusTrace
Industries:
Enterprise Software, Information Technology, SaaS, Supply Chain Management, Sustainability
Latest funding:
$5,992,236
Series A
14 October 2021
Total funding:
$7,688,886
Investors
Zalando, Industrifonden, BackingMinds, Fairpoint Capital, Vinnova

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