Patch, a carbon market software startup, has raised $55 million in Series B funding from Andreessen Horowitz, Energize Ventures, and Coatue, the company tells Axios.
Why it matters: The involvement of heavy hitters a16z and Coatue in the round shows the level of interest in the carbon software space, as parts of the climate tech industry move from asset-heavy hardware plays to the more VC-friendly SaaS model.
