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Scope3 raised $25M in a funding round led by GV to expand its sustainable AI initiatives.

PRIVATEOct 10, 2024over 1 year ago

Amount Raised

$25 Million

New YorkSoftware

Investors

Virgo Strategic InvestmentsAperiam VenturesCraft VenturesRoom40 VenturesVenrockGv

Description

Scope3, a collaborative sustainability platform, has closed $25 million in new funding led by GV to expand its work into the AI industry. The investment includes participation from existing investors Venrock, Room40 Ventures, and Craft Ventures, along with new investors Aperiam Ventures and Virgo Strategic Investments.

Company Information

Company

Scope3

Location

New York, New York, United States

About

Scope3 is a collaborative sustainability platform dedicated to decarbonizing the media and advertising industries. Since its inception in 2021, it has supplied tools for brands to analyze and minimize carbon emissions while ensuring business success. Scope3 promotes sustainable practices in digital media through ad campaign sustainability solutions and open-source methodologies. With the recent funding, Scope3 aims to expand its efforts into the AI sector to address environmental impacts effectively.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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