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Tracera secures $12 million in Series A funding to expand its AI-powered platform that automates ESG data collection, verification, and auditing. The platform reduces sustainability reporting costs by up to 85% and supports compliance across more than 100 countries. Recent updates include a Scope 3 emissions tool and expanded enterprise adoption among Fortune 2000 companies.
$12 Million Fuels the Mission: Why Investors Back Tracera Now
Tracera has secured $12 million in Series A funding to expand its AI-driven sustainability platform. The round was led by Foundry, with additional participation from Rho Ignition, Tola Capital, and Contour Venture Partners. This funding brings the company’s total capital raised to $17.25 million since its 2023 launch.
Investors are aligning with Tracera’s efforts to streamline ESG data collection and reporting processes across enterprise sectors. Foundry Partner Seth Levine stated that Tracera meets the growing demand for accurate, traceable sustainability data by transforming reporting into a strategic function.
Goodbye Spreadsheets, Hello AI: How Tracera Transforms ESG Data
Tracera automates the collection, verification, and auditing of sustainability data, aiming for finance-grade standards. Its AI-powered platform is designed to solve key industry challenges, including regulatory complexity, fragmented systems, and the lack of transparent data workflows.
The platform reduces sustainability data management costs by up to 85%. By eliminating manual workflows and data silos, companies can focus on emission reduction, regulatory compliance, and operational efficiency.
Global Scale, Local Precision: Tracera’s Reach Across 100+ Countries
Tracera currently operates in more than 100 countries and serves over 30 Fortune 2000 companies. Clients include EnerSys and La-Z-Boy Incorporated. The platform is designed to handle diverse datasets across industries, providing traceability and confidence in reporting accuracy.
Its all-in-one system enables enterprises to work with large volumes of data in varying formats and languages, maintaining a single source of truth across departments and regions.
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Cracking the Scope 3 Code: Tracera Tackles Supply Chain Emissions
Tracera has recently launched a Scope 3 emissions data tool that automates the aggregation and analysis of supplier-specific environmental data. This feature supports organizations in understanding their broader impact and guides emission reduction strategies.
Samuel Shiroff, Senior Director of Global Sustainability at EnerSys, noted improved tracking, increased visibility, and the elimination of redundant efforts using Tracera’s tool.
Built by Experts, Backed by Visionaries: Tracera’s Origin Story
Founded by CEO Patrick Obeid, Tracera emerged from Bain & Company’s Founder’s Studio. Initially known as ESG Flo, the platform was built to provide accurate sustainability data management at scale.
As part of its Series A announcement, Tracera added Foundry’s Seth Levine to its board. He joins existing board members including Habib Kairouz (Rho Capital Partners), Karolin Beck (Tola Capital), and Patrick Quinlan (Confience CEO).
Why This Matters: ESG Pressure Meets Smart Compliance
The demand for validated ESG data is rising due to increasing regulatory oversight and scrutiny of corporate sustainability claims. Tracera provides a centralized platform that supports compliance while enabling decision-making across departments.
According to Karolin Beck of Tola Capital, Tracera’s ability to extract and verify data from any source or format eliminates inefficiencies and promotes fast, confident decisions.
Smarter ESG Starts Here
Tracera is building a foundation for organizations to align environmental goals with business performance. Through AI-driven automation, it replaces legacy tools with a system that supports collaboration, transparency, and measurable outcomes.
With financial backing and a growing enterprise user base, Tracera continues to scale its offering to meet the global demand for efficient and auditable sustainability data management.
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