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
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Net Profit
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EBITDA
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Centralizes carbon market data for climate action.
Provides expert guidance on carbon credit strategies.
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $55.0M
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First Round
First Round
(24 Feb 2021)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series B - Patch | Valuation | Energize Capital | |
| Sep, 2021 | Amount | Series A - Patch | Valuation | Coatue | |
| Jun, 2021 | Amount | Seed - Patch | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Early-stage investments are provided to mission-driven technology founders.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Patch
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Patch
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Patch Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform for enterprise sustainability measurement, reporting, and action is provided.
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| domain | founded_year | HQ Location |
Carbon footprints are tracked via an online platform for users.
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| domain | founded_year | HQ Location |
Carbon footprint calculation and offsetting solutions are developed for businesses.
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| domain | founded_year | HQ Location |
Environmental project development and management services are offered.
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| domain | founded_year | HQ Location |
Carbon footprint solutions are provided via an online tracking platform.
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| domain | founded_year | HQ Location |
Validere is recognized as an enterprise intelligence platform for the energy industry.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Patch
Frequently Asked Questions about Patch
When was Patch founded?
Patch was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Patch located?
Patch is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Patch?
Brennan Spellacy is the current CEO of Patch. They have also founded this company.
Is Patch a funded company?
Patch is a funded company, having raised a total of $80.25M across 4 funding rounds to date.
How many employees does Patch have?
As of Dec 31, 2023, the latest employee count at Patch is 40.
What does Patch do?
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.
What products or services does Patch offer?
Patch offers Patch Platform and Carbon Advisory.
Who are Patch's investors?
Patch has 16 investors. Key investors include Coatue, Andreessen Horowitz, Version One Ventures, AENU, and Contrary.
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