Tracera, a NYC-based provider of an AI-powered platform that automates the collection, verification and auditing of sustainability data, raised $12M in Series A funding.
The round was led by Foundry, with participation from Rho Ignition, Tola Capital, and Contour Venture Partners. As part of this funding round, Tracera added a new member to its Board, Foundry Partner Seth Levine.
The company intends to use the funds to expand operations and its development efforts.
Founded by CEO Patrick Obeid and spun out from Bain & Company’s Founder’s Studio, Tracera, formerly ESG Flo, supports sustainability data management with its AI-powered platform that automates the collection, verification, and auditing of sustainability data. Focused on elevating sustainability data to finance-grade standards, it empowers businesses to achieve compliance and substantiate their sustainability claims with accurate, traceable data.
Tracera’s AI-powered platform has worked with more than 30 FORTUNE 2000 enterprise clients, including EnerSys and La-Z-Boy Incorporated.
The company has raised $17.25M since its launch in 2023.
FinSMEs
08/04/2025