What is Scope3?
Scope3 is dedicated to tackling the climate crisis by providing tools and methodologies for the advertising industry to understand and mitigate its carbon footprint. At the core of its offerings is a proprietary emissions model, built on open-source principles, designed to accurately quantify the environmental impact of the complex advertising supply chain. This model powers 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 in research, technology, and digital advertising, united by the goal of creating a more sustainable future for the industry.
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 GV and Venrock
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, with a focus on enterprise solutions, life sciences, consumer products, and frontier technology innovations. Operating globally, GV provides financial backing to promising startups and growth-stage businesses across technology, healthcare, and various other industries.
Venrock
Founded in 1969, Venrock is a venture capital firm headquartered in Palo Alto, California. Known for its entrepreneurial support and strategic guidance, Venrock partners with founders to build innovative, high-growth companies, leveraging deep industry expertise in technology and healthcare ventures.
Craft Ventures
Craft Ventures is a venture firm specializing in the B2B technology sector, comprised of experienced founders and operators. They aim to be a high-value partner for early-stage companies, providing valuable insights and access to senior talent to support scaling and success.
What's next for Scope3?
The recent major strategic investment signals a pivotal growth phase for Scope3, likely enabling the company to scale its operations, enhance its technological capabilities, and expand its market reach. This capital will be instrumental in furthering its mission to decarbonize media and advertising, potentially through increased research and development, broader adoption of its emissions model, and strategic partnerships. The company's focus on providing actionable data and solutions for carbon reduction positions it to capitalize on the increasing demand for sustainable business practices across the global advertising landscape.
See full Scope3 company page
