What does Tracera do?
Tracera is an AI-powered platform that automates the collection, verification, and auditing of sustainability data. The company helps businesses elevate their sustainability data to finance-grade standards, enabling compliance and substantiation of their sustainability claims. Spun out from Bain & Company's Founder’s Studio, Tracera has already partnered with more than 30 FORTUNE 2000 enterprise clients.
How much did they raise?
The company raised $12M in a Series A round led by Foundry, with additional participation from Rho Ignition, Tola Capital, and Contour Venture Partners. The round also saw the addition of a new board member, Foundry Partner Seth Levine, aligning strategic oversight with the funding boost.
What are their plans for the money?
Tracera intends to use the funds to expand its operations and accelerate development efforts. This investment will enable the company to further optimize its platform, enhance data accuracy, and support businesses in achieving reliable sustainability compliance.
What have they achieved so far?
Since its launch in 2023, Tracera has successfully raised a total of $17.25M and established a robust client base that includes industry leaders such as EnerSys and La-Z-Boy Incorporated, underscoring its growing impact in the sustainability data management space.
