# ProductBio

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

- Industry: Software
- Headquarters: San Diego, US
- Website: www.productbio.com
- Latest round: Seed (Aug 6, 2014)
- Investors on record: 1

## About

ProductBio is an innovative company that provides sustainability management solutions through an AI-enabled platform, focusing on Environmental, Social, and Governance (ESG) metrics to drive greener practices.ProductBio focuses on sustainability management by aggregating and analyzing ESG data to help organizations optimize their procurement processes. Founded by Angela Chen, the company is headquartered in San Diego, US. In August 2014, ProductBio raised USD 0.03 mn in a Grant round from Code For America, marking a pivotal moment in its funding journey. The company has completed two deals to date.ProductBio specializes in sustainability management solutions, primarily through its AI-enabled platform that aggregates and analyzes the world's largest Environmental, Social, and Governance (ESG) database. This unique offering allows clients to gain insights into sustainability metrics across their supply chains, facilitating data-driven decisions that promote greener practices. Their core product works with municipalities, schools, and businesses to optimize procurement processes, driving a significant increase in green spending—averaging an 8% to 20% uplift in cities serviced from 2016 to 2021. Notably, ProductBio has collaborated with over 28 municipalities in the United States, impacting more than USD 2.6 bn in taxpayer procurement toward achieving ESG targets. Currently, the company is expanding its suite of products and services to enhance its sustainability offerings further, aiming for a broader market presence beyond the initial geographic focus of U.S. cities.ProductBio generates revenue through its sustainability-focused solutions, structured around a B2B partnership model. The company engages in direct transactions with municipalities and large institutions, offering subscription-based access to its platform. This model may involve tiered pricing based on the scale of usage, allowing clients to tailor their engagement with the platform according to their specific needs. As the company expands its offerings, it anticipates establishing additional revenue streams through enhanced services aimed at facilitating compliance with evolving sustainability regulations. Its flagship product, which has proven effective in increasing municipal green spending, exemplifies the firm's commitment to creating impactful, economically viable tools for sustainability management.ProductBio plans to launch new products designed to enhance its sustainability management platform, although release dates are not specified. The company is targeting expansion into additional U.S. regions and potentially international markets within the next few years. The recent Grant funding of USD 0.03 mn will support these initiatives and help scale operations, particularly following their previous Seed financing round in August 2014.

## Funding rounds

- Seed, Aug 6, 2014 — 500 Global

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed