What is Scope3?
Scope3 is dedicated to enabling the media and advertising industry to visualize, measure, and reduce its carbon footprint. The company has developed a proprietary emissions model, built on open-source methodology, to accurately quantify the environmental impact across the complex advertising supply chain. This model is central to Scope3's collaborative sustainability platform and its suite of solutions, including Climate Shield and Green Media Products (GMPs). As a Public Benefit Corporation, Scope3 operates with a global team of experts committed to addressing the climate crisis through technological innovation and industry collaboration.
How much funding has Scope3 raised?
Scope3 has raised a total of $45M across 2 funding rounds:
Series B
$20M
Other Financing Round
$25M
Series B (2023): $20M with participation from Venrock and GV
Other Financing Round (2024): $25M led by Venrock, GV, and Craft Ventures
Key Investors in Scope3
Venrock
Venrock is a historic venture capital firm founded in 1969, known for its entrepreneurial support and strategic guidance in technology and healthcare ventures.
GV
GV is a venture capital firm established in 2001, investing across multiple stages and sectors with a focus on enterprise solutions, life sciences, and frontier technology.
Craft Ventures
Craft Ventures is a venture firm specializing in B2B technology, comprised of experienced founders and operators providing valuable insights and access to talent for early-stage companies.
What's next for Scope3?
With this latest round of major strategic investment, Scope3 is poised to further accelerate its mission to decarbonize the digital advertising landscape. The substantial capital infusion, part of its broader enterprise-level funding, will likely be directed towards expanding its technological capabilities, enhancing its emissions modeling, and broadening its market reach. This strategic backing from prominent investors signals strong confidence in Scope3's business model and its potential to drive significant environmental impact within a critical global industry. The company's focus on providing actionable data and solutions for carbon reduction positions it as a key player in the evolving landscape of sustainable business practices.
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