# Mangrove Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mangrove-systems

- Industry: Marketing/Advertising
- Headquarters: Wallingford, US
- Website: www.mangrovesystems.com
- Total disclosed funding: $34M
- Latest round: Series A (Jul 13, 2006)
- Investors on record: 5

## About

Mangrove Systems Inc. is a provider of innovative digital solutions for carbon Measurement, Reporting, and Verification (MRV), facilitating enhanced carbon project development and supporting sustainability efforts across various industries.Founded in 2002, Mangrove Systems Inc. specializes in carbon measurement solutions. The company is headquartered in Wallingford, US. The founders, Brandon Vlaar and Evan Little, have been instrumental in the company's journey. Mangrove Systems was acquired by Carrier Access Corporation in March 2007 for USD 8 mn, marking a significant transition in its business strategy. The company has completed a total of 4 deals since its inception.Mangrove Systems specializes in digital Measurement, Reporting, and Verification (MRV) solutions designed to enhance carbon project development. Their core offerings focus on tracking and quantifying carbon dioxide equivalent (CO2e) emissions, with over 5 million tonnes monitored to date. The company provides a robust ecosystem of partnerships with leading technology and instrumentation firms, facilitating streamlined processes from molecular tracking to market readiness. Mangrove's services cater to a diverse clientele, including industries and organizations heavily invested in carbon reduction initiatives. Their products are available across various geographical markets, particularly in North America and Europe, where regulatory frameworks are increasingly supportive of carbon management solutions.Mangrove Systems generates revenue through strategic partnerships and subscription-based models tailored to clients engaged in carbon offset projects. The company engages in B2B transactions, providing its technology and services to enterprises focused on sustainability efforts. Clients access Mangrove’s tools through structured agreements that enable them to monitor and report their carbon emissions accurately. While specific pricing details for individual products or services are not disclosed, the operational framework suggests that costs are linked to subscription tiers or project-based engagements, ensuring flexibility for customers with varying needs in carbon monitoring and reporting.Following its acquisition by Carrier Access Corporation, Mangrove Systems is expected to leverage its funding to enhance product offerings and expand into new markets. The company plans to introduce new features and functionalities to its MRV solutions, positioning itself for a broader market reach. Specific geographic expansions are anticipated, particularly targeting new markets in Europe and Asia by 2008, aligning with the growing global emphasis on carbon management and sustainability initiatives.

## Funding rounds

- Series A, Jul 13, 2006, $13M — Columbia Capital, Highland Capital Partners, STAR Ventures, Bessemer Venture Partners
- Series B, Feb 14, 2005, $21M — Columbia Capital, Highland Capital Partners, STAR Ventures, Gold Hill Capital, Bessemer Venture Partners

## Investors

- Columbia Capital (https://capitalatlas.ai/funds/columbia-capital) — Series B, Series A
- Highland Capital Partners (https://capitalatlas.ai/funds/highland-capital-partners) — Series B, Series A
- STAR Ventures — Series B, Series A
- Gold Hill Capital (https://capitalatlas.ai/funds/gold-hill-capital) — Series B
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series B, Series A