About Patch
Patch is a company based in San Francisco (United States) founded in 2020 by Brennan Spellacy and Aaron Grunfeld. It operates as a SaaS (Software-as-a-Service) and Professional Services. Patch has raised $80.25 million across 4 funding rounds from investors including Coatue, Andreessen Horowitz and Version One Ventures. The company has 40 employees as of December 31, 2023. Patch offers products and services including Patch Platform and Carbon Advisory. Patch operates in a competitive market with competitors including Watershed, CoGo, Plan A, ClimeCo and Commons, among others.
- Headquarter San Francisco, United States
- Employees 40 as on 31 Dec, 2023
- Founders Brennan Spellacy, Aaron Grunfeld
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Sectors
Environment
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$80.25 M (USD)
in 4 rounds
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Latest Funding Round
$55 M (USD), Series B
Sep 13, 2022
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Investors
Coatue
& 15 more
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Employee Count
40
as on Dec 31, 2023
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Products & Services of Patch
Patch offers a comprehensive portfolio of products and services, including Patch Platform and Carbon Advisory.
Centralizes carbon market data for climate action.
Provides expert guidance on carbon credit strategies.
People of Patch
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Funding Insights of Patch
Patch has successfully raised a total of $80.25M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $55 million completed in September 2022. 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.
Investors in Patch
Patch has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Coatue, Andreessen Horowitz and Version One Ventures.
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Early-stage investments are provided to mission-driven technology founders.
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Investor details for Patch
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Investments & Acquisitions by Patch
Investment portfolio details for Patch
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- Portfolio identities
- Transaction dates
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Financial Statements - Patch
Detailed financials for Patch
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Patch Comparisons
Peer comparison for Patch
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- Headcount comparison
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Competitors of Patch
Patch 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 Watershed, CoGo, Plan A, ClimeCo and Commons, among others.
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Platform for enterprise sustainability measurement, reporting, and action is provided.
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Carbon footprints are tracked via an online platform for users.
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Carbon footprint calculation and offsetting solutions are developed for businesses.
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Environmental project development and management services are offered.
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Carbon footprint solutions are provided via an online tracking platform.
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Validere is recognized as an enterprise intelligence platform for the energy industry.
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Detailed competitors of Patch
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Latest news on Patch
Complete news archive for Patch
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Frequently Asked Questions about Patch
Patch was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Patch is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Brennan Spellacy is the current CEO of Patch. They have also founded this company.
Patch is a funded company, having raised a total of $80.25M across 4 funding rounds to date.
As of Dec 31, 2023, the latest employee count at Patch is 40.
Patch is focused on facilitating climate action through a centralized platform that integrates global carbon market data, pricing, and availability. The company operates in the environmental sector, offering solutions for carbon credit procurement, strategy development, and portfolio management. Supported by AI-powered software and expert guidance, Patch enables businesses to source high-integrity credits, conduct diligence, and monitor climate projects effectively.
Patch offers Patch Platform and Carbon Advisory.
Patch has 16 investors. Key investors include Coatue, Andreessen Horowitz, Version One Ventures, AENU, and Contrary.