What is Cloverly?
Cloverly operates at the intersection of climate science and enterprise software, offering a sophisticated API that enables businesses to calculate carbon emissions and purchase high-quality offsets or Renewable Energy Credits in real-time. By embedding these capabilities directly into digital platforms, the company facilitates seamless carbon neutrality for everyday business activities. This market position is particularly advantageous for firms seeking to integrate ESG metrics into their core operations without the friction of manual reporting or fragmented offset procurement processes. Cloverly serves as a bridge between complex environmental data and actionable corporate strategy, effectively turning sustainability into a programmable asset.
How much funding has Cloverly raised?
Cloverly has raised a total of $21.1M across 2 funding rounds:
Angel/Seed
$2.1M
Series A
$19M
Angel/Seed (2021): $2.1M with participation from Circadian Ventures, SB Opportunity Fund, and Tech Square Ventures
Series A (2023): $19M led by Aquiline Technology Growth, Grotech Ventures, and Impact Engine
Key Investors in Cloverly
Aquiline Technology Growth
Aquiline Technology Growth focuses on early- and growth-stage technology companies that impact the global insurance and financial services ecosystems.
Grotech Ventures
Grotech Ventures partners with innovative entrepreneurial talent in high-potential technology companies, emphasizing sustainable growth and market transformation.
Impact Engine
Impact Engine is a venture capital firm dedicated to investing in companies that generate measurable positive social and environmental impacts alongside financial returns.
What's next for Cloverly?
With the successful closure of its latest financing round, Cloverly is well-positioned to accelerate its product development and expand its market reach within the enterprise software ecosystem. The strategic focus will likely shift toward deepening API integrations with major ERP and supply chain management platforms, thereby embedding carbon intelligence into the backbone of global commerce. Furthermore, the company is expected to enhance its verification protocols for carbon credits, ensuring that its clients maintain high standards of transparency and impact. As the regulatory landscape for climate disclosure continues to evolve, Cloverly's ability to provide verifiable, real-time data will be a key differentiator in maintaining its competitive edge and driving long-term value for its stakeholders.
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