What is Scope3?
Scope3 operates as a Public Benefit Corporation dedicated to the systemic decarbonization of the media and advertising landscape. The company provides a comprehensive sustainability platform that enables stakeholders to visualize, measure, and reduce carbon emissions across complex digital advertising supply chains. At the heart of its operations is a first-of-its-kind emissions model, built upon open-source methodology, which serves as the foundation for its suite of solutions, including Climate Shield and Green Media Products (GMPs). By integrating these tools, Scope3 empowers brands, agencies, and publishers to make data-driven decisions that align with net-zero objectives, effectively bridging the gap between digital performance and environmental responsibility.
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 GV, Venrock, and Craft Ventures
Key Investors in Scope3
GV
GV is a venture capital firm founded in 2001 that invests across multiple stages and sectors, focusing on enterprise solutions, life sciences, and frontier technology innovations.
Venrock
Founded in 1969, Venrock is a historic venture capital firm known for its entrepreneurial support and long track record of backing successful technology and healthcare ventures.
Craft Ventures
Craft Ventures is a venture firm comprised of former founders and operators, providing high-value insights and access to senior talent for early-stage B2B technology companies.
What's next for Scope3?
With the successful closure of this major enterprise-level funding, Scope3 is well-positioned to scale its global operations and enhance its technological infrastructure. The company's strategic roadmap likely involves expanding its footprint across North America, Europe, and APAC, while further refining its emissions measurement capabilities to address emerging regulatory requirements. As the industry shifts toward more sustainable practices, Scope3's role as a standard-bearer for carbon transparency will be pivotal. Future growth will likely focus on deepening partnerships with major media platforms and integrating its sustainability metrics into the core workflows of global advertising agencies, thereby cementing its position as an essential utility in the modern digital economy.
See full Scope3 company page
