Tracera, a New York-based AI-driven platform specializing in sustainability data management, has raised $12 million in Series A funding.
Investors
The round was led by Foundry, with participation from Rho Ignition, Tola Capital, and Contour Venture Partners.
Foundry is a network-driven venture capital firm that invests in sectors like software, enterprise tech, AI, and other high-growth industries. Founded in 2007, it manages over $3 billion for its limited partners and has already invested in hundreds of companies and dozens of venture funds. Foundry has 70 active investments, 45 partner funds, 100 general partners, and 1,900 Foundry network companies.
As part of the funding, Seth Levine, Partner at Foundry, will join Tracera's board of directors.
Tracera Use of Funds
The company will use the funds to expand its platform, develop new features like its Scope 3 emissions data tool, and expand its enterprise customer base further.
About Tracera
Founded and led by CEO Patrick Obeid and spun out from Bain & Company’s Founder’s Studio, Tracera, formerly ESG Flo, is an AI-driven platform that automates the collection, verification, and auditing of sustainability data with finance-grade accuracy and traceability. By leveraging artificial intelligence, Tracera empowers businesses to streamline complex ESG processes, reduce costs, and ensure compliance with various sustainability regulations and standards. Headquartered in New York, Tracera works with companies across industries, including manufacturing and retail, and has expanded its reach to over 13 countries.
Funding Details
Company: Tracera
Raised: $12.0M
Round: Series A
Funding Date: April 2025
Lead Investor: Foundry
Additional Investors: Rho Ignition, Tola Capital, Contour Venture Partners
Company Website: https://tracera.com/
Software Category: Sustainability Data Management
Source: https://tracera.com/blog/series-a-announcement/