As per ESG Today, 2006-founded Optera provides companies with a sustainability management software which enables them to measure and manage Scope 1, 2 and 3 emissions, while also providing forecasts for better sustainability-focused action preparation.

The financing was necessary, as the company grew by 250% with regards to its workforce and also has four times more corporate customers compared to last year.

Tim Weiss, co-founder and CEO of Optera, said that "the biggest businesses around the globe are actively transitioning to the low-carbon economy. It is no longer a question of whether this transition will happen but whether it will happen quickly enough. Optera’s platform enables global companies to quantify and manage their biggest sources of emissions with greater accuracy, confidence, and actionability."

Next Frontier Capital and Blackhorn Ventures were among the participants in the recent 12 million USD round.