# SustainCERT

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sustaincert-s-a

- Industry: Environmental Services
- Headquarters: Luxembourg City, Luxembourg
- Website: www.sustain-cert.com
- Total disclosed funding: $28M
- Latest round: Series D (Jul 7, 2023)
- Investors on record: 9

## About

Based in Luxembourg, SustainCERT S.A. is a climate certification company that verifies sustainability projects, focusing on carbon emissions reductions and greenhouse gas reporting.SustainCERT S.A. specializes in climate verification services, ensuring accurate reporting for carbon projects. Founded in 2018 and headquartered in Luxembourg, the company has completed 3 deals, with its latest funding round, Series B, raising USD 37.00 mn on June 7, 2023. Notable investors in this round include Citizen Capital, Hartree Partners, Innovacom, and the Microsoft Climate Innovation Fund.SustainCERT provides verification services for climate action projects, particularly carbon projects and value chain interventions. Their offerings include verification of greenhouse gas emissions reductions, issuance of impact units, and integration of emission factors for commodities. The company serves a diverse range of industries, including food and agriculture, apparel, energy, transportation, and construction, leveraging advanced technology to streamline the verification process and support client sustainability reporting.In 2022, SustainCERT reported a revenue of USD 7,191,352.80 with an EBITDA of USD 203,775.70 for the year 2020. The company's revenue model primarily revolves around B2B transactions, offering validation and verification services for sustainability claims, which are usually structured on a project-based pricing scheme.Following its Series B funding round in June 2023, SustainCERT plans to enhance its climate impact verification platform and expand its operations globally. The raised funds will facilitate the launch of new products and support their entry into additional markets. Specific target regions for expansion have not been disclosed, but the company's strategy emphasizes scaling its verification services to meet increasing demand in carbon markets.

## Funding rounds

- Series D, Jul 7, 2023, $28M — Innovacom, Partech Partners, Microsoft, Citizen Capital, Hartree Partners
- Seed, Dec 3, 2018 — BlueOrchard Finance, World Wildlife Fund, 1to4 Foundation, Gold Standard Foundation

## Investors

- BlueOrchard Finance (https://capitalatlas.ai/funds/blueorchard-finance) — Seed
- World Wildlife Fund — Seed
- 1to4 Foundation — Seed
- Gold Standard Foundation — Seed
- Innovacom (https://capitalatlas.ai/funds/innovacom) — Series D
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series D
- Microsoft — Series D
- Citizen Capital (https://capitalatlas.ai/funds/citizen-capital) — Series D
- Hartree Partners — Series D