# Sumday

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

- Industry: Software
- Headquarters: Burnie, Australia
- Website: www.sumday.io
- Total disclosed funding: $3.4M
- Latest round: Seed (Apr 15, 2024)
- Investors on record: 3

## About

Based in Tasmania, Australia, and founded in 2021, Local Carbon Pty Ltd doing business as Sumday provides carbon reduction solutions to its customers. As of 2023, the company is headed by its CEO Jess Richmond. In March 2023, the firm raised USD 2 million in venture funding led by investor Blackbird, with participation from another investor Possible Ventures. Individual investors also participated in the round.

The company offers online platform for accountants which help them performing carbon accounting services to its clients. The firm offering includes carbon offset program that allows businesses and individuals to offset their carbon emissions by investing in renewable energy projects and carbon sequestration initiatives. The firm approach to carbon reduction involves working closely with clients which enables them to identify areas where carbon emissions can be reduced, and then implementing customized solutions that are tailored to each client's specific needs.

The company generates its revenue by charging for its subscription such as AUD /month 85 for advisor. As well as for businesses depending upon their turnover its charges AUD/month 79 for small, AUD/month 485 for medium, and AUD/month 985 for large. Additionally, it have annual subscription also were it charges AUD/year 853 for small, AUD/year 5,238 for medium, and AUD/year 10,638 for large. Apart from this the firm charges customized price for the enterprise plan for the firm whose turnover exceeds  AUD 500 million revenue p/a.

The company plan to use the March 2023 funding to develop its software and accelerate global expansion.

## Funding rounds

- Seed, Apr 15, 2024, $3.4M — Blackbird Ventures, Wedgetail Communications Pty Ltd, Planeteer Capital

## Investors

- Blackbird Ventures (https://capitalatlas.ai/funds/blackbird-ventures) — Seed
- Wedgetail Communications Pty Ltd — Seed
- Planeteer Capital (https://capitalatlas.ai/funds/planeteer-capital) — Seed