To Help Companies Curb Their Environmental Impact

A French software company with U.S. headquarters in Chicago, Enablon, has raised a series A round of $15 million from the Environmental Research Fund 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 if not- associated with their environmental footprint.

“[Of 42 of the world's major cities] 93 percent recognize significant physical risk from climate change and 79 percent of cities believe that the physical impacts of climate change could directly or indirectly threaten the ability of local businesses to operate successfully.

The trend among city governments should compel companies that seek to do business there to report more about their emissions, which is good news for Enablon in terms of increases in demand. The company faces fierce competition, nevertheless, as the field grows ever more crowded with energy-management and carbon focused software providers like: Hara, ENXSuite and Silver Spring Networks in North America.

“Our typical clients 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.

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.”