Cloverly is a technology company.
Cloverly has raised $21.0M across 2 funding rounds.
Cloverly has raised $21.0M in total across 2 funding rounds.
Cloverly has raised $21.0M in total across 2 funding rounds.
Cloverly's investors include BDC Venture Capital, BigSpring, Grotech Ventures, Jungle Ventures, Rally Ventures, Tech Square Ventures, Dino Vendetti, Noam Bardin, Ted Serbinski.
Cloverly is a climate technology company that provides digital infrastructure for scaling climate action in voluntary carbon markets through API-based solutions.[1][2][5] Its platform enables businesses to calculate carbon emissions in real-time, purchase high-quality carbon credits and renewable energy credits (RECs), and manage offsets to achieve carbon neutrality or negativity, while also offering suppliers purpose-built commerce software like Catalyst for inventory management, sales, and operations.[1][3][5] Cloverly serves carbon credit buyers (e.g., enterprises embedding climate action in customer experiences) and suppliers (e.g., project developers in nature-based forest management and biochar), addressing the challenge of fragmented carbon markets by simplifying access, transactions, and scaling of verified credits.[1][4][5] With $21.1M in total funding, including a $19M round, the company has shown growth momentum, reporting $8.4M in revenue and expanding tools like its first distribution management software for suppliers launched in 2023.[3]
Founded in 2018 and headquartered in Atlanta, Georgia, Cloverly emerged as an early-stage startup focused on helping organizations mitigate environmental impacts from everyday activities via real-time emissions calculation and offsetting.[1][3][4] Key details on specific founders are not detailed in available sources, but the company quickly pivoted toward building robust API infrastructure for carbon markets, gaining early traction with enterprise clients and suppliers.[1][3] Pivotal moments include raising significant funding ($21.1M total) and launching innovative products like Catalyst in recent years, alongside partnerships with top carbon project developers such as Three Oaks Carbon, Carboneers, and BIOforestal, which validated its supplier-focused evolution.[3][5]
Cloverly rides the surging demand for climate tech amid global net-zero commitments, where voluntary carbon markets are projected to grow rapidly as businesses face regulatory and consumer pressure for emissions transparency.[1][2][6] Its timing aligns with post-Paris Agreement acceleration, AI-driven emissions tracking, and the shift toward high-integrity credits amid market fragmentation—factors favoring scalable APIs over manual processes.[3][5] By connecting buyers and suppliers in an omnichannel ecosystem, Cloverly influences the landscape by professionalizing supplier operations, boosting credit supply integrity, and enabling tech integrations (e.g., e-commerce offsets), thus accelerating broader adoption of carbon action in digital economies.[1][5]
Cloverly is positioned to expand as carbon markets mature, with Catalyst driving supplier adoption and APIs fueling enterprise climate programs amid rising demand for verified removals.[5][6] Trends like stricter regulations, AI-enhanced tracking, and corporate sustainability mandates will shape its path, potentially growing revenue through global channel expansion and new project integrations.[3] Its influence may evolve from niche enabler to market standard-setter, empowering more high-integrity climate action as businesses scale offsets in real-time—reinforcing its role as essential digital infrastructure for a carbon-conscious world.[2][5]
Cloverly has raised $21.0M across 2 funding rounds. Most recently, it raised $19.0M Series A in May 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2023 | $19.0M Series A | BDC Venture Capital, BigSpring, Grotech Ventures, Jungle Ventures, Rally Ventures, Tech Square Ventures, Dino Vendetti, Noam Bardin, Ted Serbinski | |
| Jun 1, 2021 | $2.0M Seed | BDC Venture Capital, BigSpring, Jungle Ventures, Tech Square Ventures, Ted Serbinski |