Climate · Copenhagen
GreenCircuit
Emissions accounting pulled straight from operational systems.
- Stage
- Series A
- Founded
- Founded 2020
- First invested
- We invested 2021
- Team
- 45 people
- Board
- Board seat
- Total raised
- $18M
- Current stage
- Series A
- Team
- 45
- Founded
- 2020
What they build
The product, in plain terms
GreenCircuit builds emissions accounting pulled straight from operational systems. The company started in Copenhagen in 2020. We backed it at seed and have worked with the team through Series A.
- 01
Software that plugs into physical infrastructure already in the ground, rather than assuming new hardware.
- 02
Measurement that holds up to an auditor, since most of the value here is contractual.
- 03
Deployments run by the operator's own crews, which is the only way this scales past a pilot.
Where it stands
Numbers the team watches
Reported by the company at its most recent board meeting. We publish what founders are comfortable publishing and nothing more.
- Assets under management
- 1.6K
- Verified reduction
- 88%
- Deployment payback
- 8 weeks
Why we invested
The note from the first meeting
“We met GreenCircuit in 2021, back when the unit economics only worked at a scale most companies ran out of money before reaching. What convinced us was not the deck. It was that they answered every hard question with a number and admitted the two they could not answer yet.”
- Shipped the enterprise tier without hiring a single sales engineer.
- Turned down an acquisition offer in year two and was right to.
- Rebuilt pricing twice and doubled contract value both times.
Founders
Who is building it
Both founders were in the room the day we wrote the check, and both still run the company.
Meera Rao
Co-founder and CEO
Ran support for four years and knows the failure modes better than anyone selling against them.
Elise Bergman
Co-founder and CTO
Spent four years on the infrastructure team this product replaces.
Timeline
How it has gone
The version we would give another investor, including the years where nothing looked like progress.
- 2020
Founded
Meera Rao and Elise Bergman start GreenCircuit in Copenhagen around a single wedge: emissions accounting pulled straight from operational systems.
- 2021
We invested
We wrote the seed check and took a board seat. Grace Bennett has worked with the team ever since.
- 2022
Paid customers
Contracts replaced pilots, and the company stopped selling a roadmap and started selling a product.
- 2023
Series A round
Raised at $110M, led by an investor we introduced during diligence. We took our full pro rata.
- 2026
Where it stands
45 people, selling in more markets than it started in, still run by the two people who wrote the first version.
Alongside us
Co-investors
We share rounds with people we would want on our own cap table.
- Foundation Capital
- Emergence
- Bessemer
- Index Ventures
Working here
Open roles
GreenCircuit is hiring in these areas. Mention us and the note gets to the founders directly.
- Grid engineering
- Policy
- Field deployment
Building something next to GreenCircuit?
We are usually early to a category and happy to be early again. Send us the short version.