Global Cleantech Capital Invests USD 2 Million in Sustain.Life to Expand Sustainability SaaS
Global Cleantech Capital (“GCC”), a growth equity firm based in Amsterdam, is pleased to announce that it has invested USD 2 million in Sustain.Life, the SaaS platform helping companies across industries measure, manage, and reduce their environmental impact. GCC’s investment follows Sustain.Life’s seed round, which closed in April 2022, in which existing investors Tapestry VC, Mike Hanrahan (Sustain.Life’s co-founder and Chairman), Active Impact investments, Kompas, Agya Ventures, and Seyen Capital participated.
Sustain.Life’s SaaS platform makes it easier and more affordable to measure, manage, and report carbon emissions and environmental impact. Aimed at small- and medium-sized enterprises, but scaling to large organisation as well, it is designed to be usable by teams without the tools and resources to implement sustainability programs. The platform is designed to ensure compliance with reporting frameworks taking shape across the United States and Europe. Adopting sustainable business practices and policies can also result in significant business benefits, including cost savings, attracting new business, and improving investment attractiveness.
Mike Hanrahan, Sustain.Life CEO Annalee Bloomfield, and CTO Patrick Campagnano co-founded the company after their time at Walmart’s Intelligent Retail Lab, where Mr Hanrahan served as CEO; Ms Bloomfield served as Head of Product & Customer Experience; and Mr Campagnano served as Head of Engineering. Mr Hanrahan previously co-founded Jet.com and helped lead Walmart’s acquisition of the site, then the biggest e-commerce acquisition deal of all time.
Sustain.Life will use the funding towards to accelerate the company’s growth trajectory through strategic hires and partnership expansion, fortifying the company’s foundation while accelerating scale.
Annalee Bloomfield, CEO and co-founder of Sustain.Life said: “We are proud to secure additional funding and gain a strong European partner with GCC. This investment furthers our mission to support businesses operating in a world where sustainability is paramount. Major corporations must act boldly and unlock the power of measuring their carbon emissions and establishing ESG initiatives. It is vital to have the right tools and resources to ensure their success as we all look to tackle the escalating climate crisis.”
Emil Mahjoub, Investment Manager at GCC, said: “Sustain.Life offers turnkey, comprehensive sustainability software to meet demands from regulators, customers, and stakeholders at an affordable price point. We were impressed with the feature set and the strong growth since launching less than a year ago, with partners such as World Wide Technology and Interactive Brokers. We are excited to collaborate with a highly accomplished management team and existing investors to help realize Sustain.Life’s ambitious growth plans in a market growing to over $20 billion”
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About Global Cleantech Capital
Global Cleantech Capital is a growth equity firm based in Amsterdam, investing to scale exceptional companies into new market leaders in the clean energy, mobility, smart cities, and fintech sectors in Europe and North America. Investing over USD 900 million, the GCC team has a track record of delivering attractive returns paired with ESG impact. GCC is domiciled in the Netherlands and registered with the Dutch Authority for the Financial Markets (AFM).
Sustain.Life is a SaaS platform that helps future-proof companies by fighting climate change—that means making business decisions with the environment in mind and measuring and reducing their environmental impact. Launched in 2021, Sustain.Life provides ESG tools that empower organizations to embrace sustainable business practices, manage carbon emissions, reduce costs, and stand out to customers, partners, investors, and recruits.