Plan A

Germany-based Plan A offers SaaS-based instant carbon offsetting solutions for businesses. Plan A estimates the carbon footprint of a business based on three categories namely, energy consumption, transport behavior, and office maintenance. Plan A uses the national emission factor for each category as a basis for calculation along with user-generated data about the level or scale of business activities. After estimating the carbon footprint of a business, Plan A provides action plans along with certified carbon offsetting opportunities. Carbon offsetting projects funded by Plan A include reforestation, waste to energy, and clean water filters.

Key customers and partnerships

In May 2021, Plan A partnered with Societe Generale, a French financial services provider, to minimize the climate impact of the banker. In July 2023, the company entered into a long-term partnership with Alphabet, the leasing and mobility provider of the BMW Group, to provide fleet managers with software tools to measure and report their CO2 emissions.

As of March 2024, Plan A’s geographical footprint spanned across Germany, France and the UK, and its clients included Chloé, BMW, Deutsche Bank, Visa, GANNI, N26, HomeToGo, trivago, Personio, Sorare, KFC, and DFB among its customers.

Funding and financials

The company’s most recent funding round was in September 2023, when it raised USD 27 million to conclude the Series A round led by Lightspeed Venture Partners, to expand its employee base and reach new markets in France, UK, and Scandinavia. Prior to that, in November 2021, the company raised USD 10 million in a Series A funding round led by HV Capital and Keen Venture Partners.