Optera, a Boulder, CO-based ESG and carbon management software company, raised $12M in Series A funding to accelerate its product innovation and global expansion. The round was led by Next Frontier Capital, with participation from Blackhorn Ventures, Mucker Capital, Overture, Engage, Massive, SaaS Ventures, Valo Ventures, AngelList, and Stout Street Capital. Adrian Tuck, former CEO of clean energy technology provider Uplight, will join the board of directors.
Optera's software helps companies reduce the climate impacts of their operations, supply chains, and products. The platform currently tracks emissions associated with more than $180 billion in supply chain spend. Optera's customers include Dell, HPE, Grove Collaborative, and Williams-Sonoma. The company also partners with NGOs such as BSR, CDP, and the World Economic Forum to advance corporate ESG practices globally.
