Scope 5 has raised an undisclosed amount of angel financing as it looks for wider adoption of software to help organizations better manage their energy costs and sustainability programs. The Seattle startup is led by Yoram Bernet, a former senior software architect at Microsoft.
“The endorsement of our early partners and customers signals that we are solving real and unaddressed pain in the sustainability management market,” said Bernet in a release.
As a result of the financing, venture capitalist David Billstrom has joined Scope 5’s board.
We’ve reached out to Scope 5 for more details, and we will update the post as we hear more.
The company recently released the first version of its sustainability management software service and signed on two sustainability consulting firms as partners. It also recently inked multi-year software service subscription contracts with two customers, though he company declined to disclose those customers.
The company said that the service is designed for customers to “extract value from their environmental sustainability and energy data,” a process that has historically been tracked via spreadsheets.
UPDATE: Co-founder John Daly tells GeekWire that the company raised less than $1 million, and the round was quickly oversubscribed. He declined to name the angel investors in the round.