Optera

Optera is an ESG management firm focused on measuring Scope 1, 2, and 3 emissions of companies with large, complex operations or investors who want to reduce the climate risk of companies in their portfolio. The company also employs industry experts to review the accuracy of carbon assessments. Optera’s customers can also access data models to make strategic estimates when direct carbon data is not available.

Optera’s platform compiles organizational carbon data onto a comprehensive dashboard using modules such as ESG Insights and Supply Chain Manager. In addition, the company launched Optera Investments for investors to track and reduce their climate impact across investment portfolios.

Key customers and partnerships

Optera’s notable customers include Hewlett Packard Enterprise, Dell, Intel, and Cisco. In October 2022, Optera developed greenhouse gas management capabilities for the Responsible Business Alliance (RBA) to support RBA members’ Scope 1, 2, and 3 emissions calculations.

In June 2023, the company partnered with NewtonX, a B2B market research firm, to survey and generate the Corporate Emissions in 2023: Large Organizations’ Top Challenges & Priorities report. In January 2024, Optera partnered with the Retail Industry Leaders Association (RILA) to create an emissions reporting platform for retail products. As of February 2024, the company had tracked 225 million tons of CO2 emissions, across 84,000+ customer sites.

Funding and financials

The company’s latest funding round was in September 2023, when it raised USD 12 million in a Series A round led by Next Frontier Capital to accelerate its product innovation and workforce growth. In March 2022, Optera raised USD 4.2 million in a seed round also led by Next Frontier Capital.