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TechCrunch: To Help Companies Curve their Environmental Impact, Enablon Raises $15 Million

TechCrunch, June 22, 2011


TO HELP COMPANIES CURB THEIR ENVIRONMENTAL IMPACT, ENABLON RAISES $15 MILLION


By Lora Kolodny


Excerpts




(…) Enablon, has raised a series A round of $15 million from the Environmental Technology Fund (ETF) in the U.K. Enablon’s enterprise software helps companies understand how much water, energy, chemicals and other resources they use, and how much they waste or pollute so that ultimately they can defray costs— financial and otherwise— associated with their environmental footprint.


In April, Enablon gained accreditation from the Carbon Disclosure Project, an independent not-for-profit organization that collects climate change data from thousands of companies. CDP maintains a comprehensive database of corporate greenhouse gas emissions and climate change information, and helps governments and corporations understand the risks of greenhouse gas emissions. (…)


Enablon’s client roster includes more than 250 companies (…).


Chief executive and co-founder of Enablon, Phil Tesler, explained in a phone interview:


"Our typical customers have been global 2,000 or multi-billion dollar businesses with offices in multiple locations. Reporting has become increasingly important to them, internally and externally.


Depending on the breadth and depth of reporting a company wants to do, Enablon software and systems can be installed and running within as little as two weeks, or an install may take as long as 9 months.


We will use the series A funding to work on some cloud computing initiatives, and to internationalize. We have experienced very strong growth in Europe and the U.S. and now we need to replicate this in Asia."

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