About Cloverly
Cloverly is a company based in Birmingham (United States) founded in 2018 by Dave Folk. Cloverly has raised $21.1 million across 2 funding rounds from investors including Aquiline Capital Partners, Knoll Ventures and Grotech Ventures. The company has 42 employees. Cloverly offers products and services including Catalyst and Cloverly Marketplace. Cloverly operates in a competitive market with competitors including Varaha, Invert, Good Carbon, Klimate and CEEZER, among others.
- Headquarter Birmingham, United States
- Employees 42
- Founders Dave Folk
- SectorsEnvironment
- Email••••••••
- Website cloverly.com
- Social LinkedIn X Facebook YouTube
- Legal Name Cloverly, Inc.
- Total Equity Funding$21.1M (USD)
in 2 rounds
- Latest Funding Round$19M (USD), Series A
May 2023
- InvestorsAquiline Capital Partners
& 11 more
- Employee Count42
Products & Services of Cloverly
Cloverly offers a comprehensive portfolio of products and services, including Catalyst and Cloverly Marketplace.
Software for managing carbon credits and sales efficiently.
Platform for buying and selling carbon credits globally.
Funding Insights of Cloverly
Cloverly has successfully raised a total of $21.1M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $19 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $21.1M
- Total Rounds 2
- Last Round Series A — $19M
- First Round $2.1M
(Jun 2021)
- Investors Count 12
All 2 funding rounds of Cloverly with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2023 | $19M | Series A | – | Grotech Ventures | |
| Jun 2021 | $2.1M | Seed | – | Tech Square Ventures |
12 investors in total: 12 institutional.
Investors in Cloverly
Cloverly has secured backing from 12 investors, including venture fund investors. Prominent investors backing the company include Aquiline Capital Partners, Knoll Ventures and Grotech Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage US tech startups are invested in by Grotech Ventures. | – | grotech.com | Arlington, United States | |
Private equity and debt investments are directed toward financial sectors. | 2005 | aquiline.com | New York, United States | |
Venture capital is provided to economic, sustainability, and health sectors. | – | theimpactengine.com | Chicago, United States | |
Venture funding is offered to early-stage startups by Mission One Capital. | – | missionone.capital | - | |
- | – | newclimateventures.com | - | |
Seed and early-stage US venture capital investments are managed. | – | techsquareventures.com | Atlanta, United States | |
Venture capital investments are directed toward multiple sectors. | – | theopportunityfund.com | Miami, United States | |
Circadian Ventures is engaged in venture capital investments. | – | circadian.vc | Atlanta, United States | |
Early-stage investments are made in US companies across various sectors. | 2014 | knollventures.com | Atlanta, United States | |
Early-stage investments are provided to visionary SaaS founders. | – | saasventurecapital.com | - |
Investor details for Cloverly
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of Cloverly
15 people are tracked at Cloverly (6 in leadership, 9 in team); the tracked headcount is 42.
| Name | Role | Group |
|---|---|---|
Dave Folk | Co-Founder | Leadership |
Alex Hall | VP Of Engineering | Leadership |
Jason Rubottom | Chief Executive Officer | Leadership |
Wes French | VP & GM, Climate Solutions | Leadership |
Emanuele Haerens | Commercial Director EMEA | Leadership |
Rob DePaola | Director Of Supply Operations | Leadership |
Lea Zinyemba | Customer Success Manager | Team |
Adarsh Bindal | Revenue Operations Manager | Team |
Paddy Gogin | Enterprise Sales, Climate Solutions - International | Team |
Shayla Wolf | Lead Recruiter | Team |
Nour Malaeb | Lead Product Designer | Team |
Brett Norris | Senior Software Engineer | Team |
Callum John Hunt | GTM & Partnerships, Climate Solutions | Team |
Orkun Özekin | Senior Full-stack Engineer | Team |
Sarah Rende | GM | Team |
Complete people profiles for Cloverly
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Cloverly
3 dated milestones of Cloverly across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Cloverly is founded.
- Funding First funding round of $2.1M.
- Funding Latest funding round, Series A, of $19.0M.
Competitors of Cloverly
Cloverly operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Varaha, Invert, Good Carbon, Klimate and CEEZER, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| varaha.earth | 2022 | Gurugram, India | $12.7M | 105 | SaaS solutions for carbon removal and sustainable agriculture are provided. | |
| invert.world | 2020 | Ottawa, Canada | $19.07M | – | Invert is engaged in carbon reduction and removal solutions. | |
| goodcarbon.earth | 2021 | Berlin, Germany | $10.48M | 26 | Digital platform for investing in nature-based carbon projects is offered. | |
| klimate.co | 2020 | Copenhagen, Denmark | $4.68M | 9 | Carbon footprints are calculated and offset through capture technologies. | |
| ceezer.earth | 2021 | Berlin, Germany | $16.38M | – | Carbon footprint solutions are provided via an online platform. | |
| ncx.com | 2010 | San Francisco, United States | $74.4M | – | Carbon offsets are facilitated via a data-driven forest marketplace. | |
| sparkchange.io | 2018 | London, United Kingdom | $4.5M | 10 | Blockchain-enabled investments in carbon instruments are offered online. | |
| impt.io | 2022 | – | $30M | – | Blockchain-based platform to offset the carbon footprint | |
| klima.com | 2019 | Berlin, Germany | $16.71M | 21 | Carbon footprints are calculated, offset, and tracked via a platform. | |
| climateimpactx.com | 2021 | Singapore | $22.3M | – | AI and blockchain platform for carbon credit trading is developed. |
Detailed competitors of Cloverly
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Cloverly
The website of Cloverly (cloverly.com) receives about 7.1K visits a month.
- Monthly visits7.1K
▲ 3% vs previous month
Latest news on Cloverly
Complete news archive for Cloverly
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Cloverly
10 companies that operate in the same segment as Cloverly (Pollution & Air Quality Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform for enterprise sustainability measurement, reporting, and action is provided. | 2019 | San Francisco, California, United States | USD 184.96 M | – | 295 | |
Weather intelligence and forecasting solutions are provided for industries. | 2016 | Boston, Massachusetts, United States | USD 374 M | – | 115 | |
Carbon dioxide is converted into products via renewable energy technology. | 2015 | Berkeley, California, United States | USD 472.37 M | – | – | |
Independent ratings and risk analytics for carbon projects are provided. | 2020 | London, England, United Kingdom | USD 109.21 M | – | – | |
Carbon dioxide is captured from the atmosphere by Carbon Engineering. | 2009 | Squamish, British Columbia, Canada | USD 107.06 M | – | – | |
Cloud-based solutions for crop management and analytics are offered. | 2016 | Durham, North Carolina, United States | USD 60.75 M | – | 103 | |
Microbe-based plant protection products and yield optimization services are provided. | 2013 | Boston, Massachusetts, United States | USD 1.4 B | – | – | |
Provider of modular carbon capture technology and industrial decarbonization solutions | 2009 | London, England, United Kingdom | USD 248.83 M | USD 7.24 M | – | |
Carbon footprints are tracked via an online platform for users. | 2010 | Wellington, New Zealand | USD 26.27 M | – | – | |
A platform for logistics emissions calculation and reporting is provided. | 2021 | London, England, United Kingdom | USD 14.5 M | – | 20 |
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Frequently Asked Questions about Cloverly
Cloverly was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Cloverly is headquartered in Birmingham, United States. It is registered at Birmingham, Alabama, United States.
Cloverly is a funded company, having raised a total of $21.1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.1M, raised on Jun 2021.
Cloverly has 42 employees.
Cloverly was founded in 2018 in Birmingham, United States, within the sustainability sector. Real-time carbon offset costs for shipping and transportation are calculated via an API for e-tailers. Customers are given the choice to offset their carbon footprint through additional payments. Renewable energy credits, including wind and solar options, are acquired according to user preferences. Integrations with platforms such as Magento and Shopify are facilitated to support these operations.
Cloverly offers Catalyst and Cloverly Marketplace.
Cloverly has 12 investors. Key investors include Aquiline Capital Partners, Knoll Ventures, Grotech Ventures, Impact Engine, and Mission One Capital.
Cloverly operates through Cloverly, Inc..