What is Cloverly?
Headquartered in Atlanta, Georgia, Cloverly operates at the intersection of environmental science and enterprise software. The company provides a powerful API that enables businesses to calculate carbon emissions associated with everyday activities in real-time. Beyond mere calculation, the platform facilitates the immediate purchase of verified carbon offsets and Renewable Energy Credits, effectively automating the mitigation process. This service is essential for modern enterprises looking to integrate sustainability directly into their operational workflows, thereby enhancing transparency and accountability in their climate-related reporting.
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 Tech Square Ventures, Circadian Ventures, and SB Opportunity Fund
Series A (2023): $19M led by Aquiline Technology Growth, Grotech Ventures, and Impact Engine
Key Investors in Cloverly
Aquiline Technology Growth
Aquiline Technology Growth (ATG) is a New York-based firm that invests in early- and growth-stage technology companies, specifically targeting the global insurance and financial services ecosystems.
Grotech Ventures
Grotech Ventures focuses on partnering with innovative entrepreneurial talent in high-potential technology companies, emphasizing sustainable growth and market transformation outside of Silicon Valley.
Impact Engine
Impact Engine is a venture capital and private equity 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 funding round, Cloverly is well-positioned to accelerate its product development and expand its market reach. The strategic backing from specialized venture firms suggests a focus on scaling the API infrastructure to support larger, more complex enterprise ecosystems. Future growth will likely center on deepening the integration capabilities of the platform, potentially expanding into new sectors that require rigorous carbon accounting. As the regulatory landscape for climate disclosure tightens globally, Cloverly's ability to provide verifiable, real-time environmental impact data will be a key differentiator in the competitive climate tech landscape.
See full Cloverly company page