Exclusive: Certa closes $35M Series B to manage third-party vendors
- Alan Neuhauser, author of Axios Pro: Climate Deals
Illustration: Aïda Amer/Axios
Vendor-management startup Certa closed a $35 million Series B to help companies face mounting pressure to shrink their carbon footprints.
Why it matters: About 70% of a corporation's greenhouse gas emissions are generated by its third-party vendors — a roster that can span thousands of companies, from caterers to freight haulers.
The big picture: An array of vendor-management tools exists to help companies manage everything from ESG checklists to regulatory compliance to data security.
How it works: Certa, based in San Francisco, developed what it says is an all-in-one software service for vendor management.
The latest: Fin Capital and Vertex Ventures Southeast Asia & India, led the all-equity round, which closed this summer.
- Tru Arrow Partners and existing investors Point72 Ventures, BDMI, the family office of Bernard Arnault's Aglaé Ventures, Chainsmokers-backed Mantis VC, and Justin Kan-backed Goat Capital joined.
What's next: "We plan to aggressively grow in the European Union," Certa CEO Jagmeet Lamba says.