What is Scope3?
Scope3 operates as a Public Benefit Corporation dedicated to the decarbonization of the media and advertising landscape. The company provides a comprehensive sustainability platform that utilizes a proprietary, open-source emissions model to measure the complex, interconnected carbon impact of digital advertising. Through its core offerings, such as Climate Shield and Green Media Products, Scope3 enables stakeholders to transition from passive observation to active reduction of their environmental footprint.
By integrating its emissions data directly into the advertising workflow, Scope3 empowers organizations to make informed, sustainable media buying decisions. This unique market position allows the firm to bridge the gap between high-performance digital marketing and corporate climate responsibility, effectively setting a new industry standard for transparency and accountability in the global advertising market.
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 Venrock, GV, 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 that partners with founders to build innovative, high-growth companies with a focus on technology and healthcare.
Craft Ventures
Craft Ventures is a venture firm comprised of former founders and operators, specializing in scaling B2B technology companies through strategic guidance and operational expertise.
What's next for Scope3?
With this recent capital injection, Scope3 is well-positioned to scale its operations and expand its global footprint across North America, Europe, and APAC. The strategic focus will likely center on enhancing the precision of its emissions model and broadening the adoption of its Green Media Products among enterprise-level clients. As the advertising industry faces increasing regulatory and consumer pressure to report on carbon output, Scope3's platform is poised to become a foundational layer of the digital media stack.
The company's roadmap suggests a continued emphasis on collaborative sustainability, leveraging its research-heavy approach to solve the most pressing challenges in media-related carbon emissions. By maintaining its commitment to open-source methodology and technological rigor, Scope3 is set to lead the transition toward a net-zero advertising future, providing the necessary tools for the industry to thrive in a carbon-conscious economy.
