What is ClearTrace?
ClearTrace operates at the intersection of distributed ledger technology and environmental sustainability. By deploying an open oracle system, the platform provides a verifiable, immutable record of carbon emissions, effectively bridging the gap between complex industrial data and actionable climate intelligence. The company incentivizes decarbonization efforts by rewarding organizations with Swytch tokens for measurable reductions in their carbon footprint. This unique value proposition positions ClearTrace as a critical infrastructure provider for global enterprises aiming to meet stringent ESG mandates and net-zero targets through data-driven transparency.
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 Ventures, Brookfield Renewable Energy Partners L.P., and Clean Energy Venture Group
Other Financing Round (2022): $20M led by ClearSky Logistics Management and Brookfield
Key Investors in ClearTrace
ClearSky Logistics Management
Clear Sky Logistics LLC is a well-established transportation company specializing in offshore logistics services for over a decade, focusing on efficiency and safety in global supply chains.
Brookfield
Brookfield Corporation is a leading global investment firm with over $850 billion in assets under management, specializing in long-term wealth creation through real assets and renewable power infrastructure.
Clean Energy Ventures
Clean Energy Venture Group is an angel investor collective focused on early-stage cleantech and climatetech startups, providing both seed capital and deep management expertise.
What's next for ClearTrace?
With this major strategic investment, ClearTrace is well-positioned to scale its enterprise-grade verification engine to meet the needs of multinational corporations. The company is expected to focus on expanding its integration capabilities, allowing for seamless connectivity with existing industrial IoT and energy management systems. By leveraging the backing of institutional heavyweights, ClearTrace will likely accelerate its market penetration, focusing on the standardization of carbon reporting protocols. As the regulatory landscape for climate disclosure tightens, the firm's ability to provide audit-ready, blockchain-backed data will be instrumental in maintaining its competitive edge in the rapidly evolving green economy.
See full ClearTrace company page
