Cleartrace
Latest round
- Series B
Last raised
- Jun 2022
Total raised
- $24M
Investors
- 7
About Cleartrace
ClearTrace is a clean energy management software provider that focuses on simplifying energy data tracking and emissions oversight for businesses. Founded in 2017, the company is headquartered in Austin, Texas, US. The founding team includes Evan Caron, Jessica St John, and John Clippinger, while Lincoln Payton serves as the CEO.Cleartrace offers a comprehensive suite of clean energy management software solutions designed to address the complexities associated with energy data management, compliance, and emissions tracking. The core product enables suppliers and buyers to digitally track energy assets, greenhouse gas (GHG) emissions, and certificate portfolios, thereby consolidating essential data into a single source of truth. This software is tailored for industries facing increasing demand for clean electricity, providing insights to facilitate decarbonization efforts. Key customers include major sustainability leaders such as Brookfield Renewable, JP Morgan Chase, AES, Google, and Microsoft, who leverage Cleartrace's platform to enhance transparency and auditability in their energy transactions.Cleartrace generates revenue through a subscription-based model, where clients pay for access to its clean energy management platform, which includes advanced features such as 24/7 hourly load matching technology. This transactional structure supports business-to-business (B2B) engagements, allowing energy suppliers and buyers to effectively manage their electricity and certificate transactions. The pricing plans for the services are structured to accommodate varying client needs, focusing on enhancing operational efficiencies during the clean energy transition. Partnerships with notable companies provide a robust client base, driving consistent revenue streams as these organizations seek to optimize their sustainability goals.In June 2022, ClearTrace Technologies, Inc. The company is focused on developing new products aimed at enhancing its platform capabilities but has not disclosed specific release dates. Additionally, ClearTrace plans to expand into new markets across North America and Europe, capitalizing on increased demand for clean energy solutions.
Who invested in Cleartrace
7 investors across 2 rounds
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Questions about Cleartrace
Who invested in Cleartrace?
Cleartrace has 7 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Cleartrace raised?
Cleartrace has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Cleartrace last raise money?
Cleartrace's most recent round on record is a Series B, in Jun 2022.
What does Cleartrace do?
ClearTrace is a clean energy management software provider that focuses on simplifying energy data tracking and emissions oversight for businesses.
Where is Cleartrace headquartered?
Cleartrace is headquartered in Austin, US.
Which VCs invest in companies like Cleartrace?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Cleartrace's stage. Their profiles are linked below.
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