What is ClearTrace?
At its core, ClearTrace operates as a sophisticated blockchain platform designed to track, verify, and reward carbon reduction efforts. The company utilizes an Open Oracle system that functions as a distributed authority, awarding Swytch tokens to entities that demonstrate measurable progress in lowering their carbon footprint. This mechanism incentivizes corporate accountability and provides a verifiable audit trail for sustainability claims. By bridging the gap between complex energy data and actionable environmental metrics, ClearTrace serves as a vital tool for enterprises navigating the increasingly stringent regulatory landscape surrounding climate reporting and ESG compliance.
How much funding has ClearTrace raised?
ClearTrace has raised a total of $24M across 2 funding rounds:
Series A
$4M
Other Financing Round
$20M
Series A (2020): $4M with participation from Clean Energy Venture Group, Clean Energy Ventures, and Brookfield Renewable Energy Partners L.P.
Other Financing Round (2022): $20M led by Brookfield and ClearSky Logistics Management
Key Investors in ClearTrace
Clean Energy Venture Group
An angel investor collective focused on early-stage cleantech and climatetech startups across North America, providing management expertise and mentorship.
Brookfield
A global alternative asset manager specializing in high-quality infrastructure, renewable power, and transition assets with a focus on long-term growth.
ClearSky Logistics Management
A specialized logistics firm with extensive experience in offshore operations, focusing on efficiency and safety in complex supply chain environments.
What's next for ClearTrace?
With this recent capital injection, ClearTrace is poised to scale its enterprise-level operations and expand its reach within the global energy market. The company is expected to focus on enhancing its verification protocols and integrating its platform with broader industrial supply chains to provide real-time emissions visibility. As the demand for transparent carbon accounting grows, ClearTrace's ability to provide immutable, data-backed insights will likely become a cornerstone for multinational corporations aiming to meet ambitious sustainability targets. The strategic backing from major infrastructure and renewable energy players suggests a long-term roadmap centered on deep integration with the global power grid and industrial logistics sectors.
See full ClearTrace company page
