What is Onlygood?
Founded in 2020 and based in Westford, Massachusetts, Onlygood operates a sophisticated cloud-based technology platform designed to assist companies in monitoring and reducing their carbon footprint. The company adheres to stringent ISO and GHG protocol standards, aiming to make Environmental, Social, and Governance (ESG) compliance and certification processes both quick and cost-effective for its clients. Onlygood's solution addresses the increasing demand for transparent and actionable environmental data in corporate operations.
How much funding has Onlygood raised?
Onlygood has raised a total of $500K across 1 funding round:
Angel/Seed
$500K
Angel/Seed (2024): $500K with participation from Goel Group, AIChE IIT Madras, and Daimler India Commercial Vehicles Pvt
Key Investors in Onlygood
Goel Group
Goel Group is a company preparing to launch new products or services, currently building anticipation for future updates. Their online presence is managed via GoDaddy, with specific offerings and target clients not yet detailed.
AIChE IIT Madras
AIChE IIT Madras operates within the Architecture, Engineering & Design sector, employing between 250-499 individuals and generating revenues between $10M-$25M. The company is based in Avadi, Tamil Nadu, India.
Daimler India Commercial Vehicles Pvt
Daimler India Commercial Vehicles Pvt is a significant entity in the commercial vehicle manufacturing sector, known for its robust engineering and market presence. Their investment suggests a strategic interest in technologies that align with corporate sustainability goals or supply chain efficiency.
What's next for Onlygood?
The substantial enterprise-level capital infusion, highlighted by the recent strategic investment, positions Onlygood for accelerated growth and market expansion. This financing is expected to fuel further development of its carbon footprint monitoring and ESG compliance tools, potentially enhancing its technological capabilities and broadening its client base. The company is likely to focus on scaling its operations, strengthening its market presence, and solidifying its role as a key player in the sustainability technology landscape, leveraging this backing to drive innovation and adoption of its solutions.
See full Onlygood company page
