# Optera

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/optera

- Industry: Environmental Services
- Headquarters: Boulder, US
- Website: www.opteraclimate.com
- Total disclosed funding: $9.5M
- Latest round: Series A (Apr 7, 2023)
- Investors on record: 11

## About

Optera provides innovative enterprise emissions management software that helps organizations track, manage, and report their greenhouse gas emissions throughout their supply chains.Founded in 2006 and headquartered in Boulder, US, Optera specializes in emissions management solutions. The company's founders include Kaira Wagoner and Mark Rehnborg, with Jason Denner serving as CEO. Optera has successfully raised a total of USD 7.71 mn in Series A funding on April 7, 2023, led by Next Frontier Capital, as part of a larger USD 12 mn venture funding round.Optera specializes in enterprise emissions management software, offering comprehensive solutions to help organizations track, manage, and report their greenhouse gas emissions across their entire supply chains. Their core platform, previously known as ESG Insights and now branded as Operator, consolidates scope 1, 2, and 3 emissions data to provide organizations with detailed insights into their carbon footprints. The platform utilizes first-party emissions data from over 10,000 companies and includes a global emissions factors database, enabling users to generate robust, audit-ready reports. Customers such as Grove, HPE, Dell, and Bloomin' Brands leverage Optera’s tools for strategic decision-making, emissions reduction planning, and reporting compliance with third-party protocols like CDP and TCFD. Optera's services cater primarily to industries across North America, Europe, and Asia, addressing the growing demand for sustainable practices in complex supply chains.Optera generates revenue through a subscription-based model that provides clients with access to its emissions management software and related services. This structure typically involves annual contracts, allowing companies to utilize the platform for ongoing emissions tracking, reporting, and analytics. The firm's flagship product, the Operator platform, supports clients in meeting regulatory requirements and setting ambitious emissions reduction targets. By offering customized integration and ongoing support, Optera enhances client engagement and retention. The firm partners with a diverse range of organizations, enabling them to access tailored sustainability solutions that align with their specific needs and goals in the marketplace.Following its most recent funding round in April 2023, Optera plans to use the USD 7.71 mn raised to expand its sales and marketing departments globally and expedite the development of its products. The company aims to penetrate new markets across North America, Europe, and Asia, targeting completion of these expansions by the end of 2025. Upcoming product releases are on the agenda, with details expected to be unveiled in the following quarters, enhancing its emissions management capabilities.

## Funding rounds

- Series A, Apr 7, 2023, $7.7M — Mucker Capital, AngelList, Next Frontier Capital, Massive Capital, Engage Capital, Blackhorn Ventures, SaaS Ventures, Stout Street Capital, Valo Ventures, Overture
- Seed, Oct 28, 2020, $1.8M — Mucker Capital, Matchstick Ventures, Blackhorn Ventures, SaaS Ventures, Stout Street Capital, Valo Ventures

## Investors

- Mucker Capital (https://capitalatlas.ai/funds/mucker-capital) — Seed, Series A
- Matchstick Ventures (https://capitalatlas.ai/funds/matchstick-ventures) — Seed
- Blackhorn Ventures (https://capitalatlas.ai/funds/blackhorn-ventures) — Seed, Series A
- SaaS Ventures (https://capitalatlas.ai/funds/saas-ventures) — Seed, Series A
- Stout Street Capital (https://capitalatlas.ai/funds/stout-street-capital) — Seed, Series A
- Valo Ventures (https://capitalatlas.ai/funds/valo-ventures) — Seed, Series A
- AngelList — Series A
- Next Frontier Capital (https://capitalatlas.ai/funds/next-frontier-capital) — Series A
- Massive Capital (https://capitalatlas.ai/funds/massive-capital) — Series A
- Engage Capital (https://capitalatlas.ai/funds/engage-capital) — Series A
- Overture (https://capitalatlas.ai/funds/overture) — Series A