ClearTrace Secures $4 Million in Funding to Scale Verified Carbon Accounting Platform
Date postedJanuary 18, 2021
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ClearTrace Secures $4 Million in Funding to Scale Verified Carbon Accounting Platform
GBA member ClearTrace, formerly swytchX, announced it has raised $4 million in Series A financing, led by Clean Energy Ventures. Following successful deployment with a Fortune 100 customer, ClearTrace will scale adoption of its financial technology and carbon accounting platform. ClearTrace provides its solution for investors, enterprises, and real estate owners by bringing transparency to corporate carbon reduction through auditable, around-the-clock monitoring of energy generation and consumption. ClearTrace creates verifiable digital records of energy usage and can track third party energy supply, financial power purchase agreements, demand response activities, and multi-stakeholder management of behind-the-meter energy assets. ClearTrace uses cloud technology to digitize the entire energy supply chain and deliver granular, high fidelity, real-time carbon impact data from energy-related activities. Follow ClearTrace on LinkedIn.