Pledge Software
Overview
Pledge Software is a company that provides innovative carbon management solutions for the logistics industry. It was founded in 2021 and is based in London. The company focuses on offering software tools that enable organizations to measure, report, and offset emissions, particularly for freight forwarding and logistics services. It has raised a total of $14.5 million through two funding rounds, with its latest being a $10 million Series A led by Zinal Growth. Pledge seeks to empower businesses to meet sustainability goals, utilizing technology for impactful environmental management.
Recent Developments
- May 16, 2023: Pledge successfully closed a $10 million Series A funding round led by Zinal Growth. This round highlighted the increasing demand for industry-specific carbon accounting solutions, positioning Pledge as a key player in emissions management for logistics.
- April 17, 2023: The company reported expanding its platform capabilities to include more comprehensive freight emissions calculations through integration with the GLEC framework.
- February 2024: Emphasizing its commitment to innovation, Pledge announced the introduction of an auto-transshipment calculator designed to streamline logistics hub emissions measurements. This tool has played a pivotal role in aiding logistics companies to seamlessly integrate emissions data into their management systems.
- December 2023: Pledge partnered with WCAworld to become its official sustainability partner, further cementing its impact in the logistics sector with its focus on emissions transparency and offset solutions.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2021 |
| Headquarters | London, United Kingdom |
| Founders | David de Picciotto |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Zinal Growth, ACE & Company |
| Industry | Carbon Management Software |
| Number of Employees | Not publicly disclosed |
Early History
Founded in 2021 by David de Picciotto, Pledge Software emerged in response to the growing need for robust carbon management solutions within the logistics industry. The company's inception was driven by the vision of facilitating more efficient and transparent emissions tracking and reporting. Pledge began with a focus on creating tools that not only measure emissions but also provide businesses with actionable insights to align with sustainability targets. Initial growth was supported by seed funding, allowing Pledge to rapidly develop its platform and establish a foothold in the competitive carbon management sector.
Company Profile and Achievements
Pledge Software specializes in providing a self-serve platform and open API that enable logistics service providers to track and manage their emissions. One of its flagship offerings includes the Freight Emissions Calculator, a tool that allows users to measure and analyze emissions data accurately. The company has continuously innovated its product suite to integrate industry-specific guidelines such as the GLEC framework, supporting businesses in achieving regulatory compliance. Significant achievements include securing partnerships with major industry players like WCAworld and enhancing platform capabilities to cater to global transport modes.
Current Operations and Market Position
Currently, Pledge operates as a leader in the carbon management niche, especially within the logistics and freight forwarding sectors. Its technology empowers businesses to leverage emissions data as a competitive advantage, influencing customer decisions by showcasing superior sustainability commitments. Pledge's solutions are instrumental in helping clients manage their supply chain emissions, thereby enhancing corporate social responsibility initiatives. The company's strategic emphasis on transparent reporting and offsetting underpins its position as a frontrunner in the market, setting the standard for emissions management in logistics.
Conclusion
Pledge Software stands out in the carbon management sector by offering tailored solutions for logistics companies, addressing the growing need for effective emissions measurement and reporting tools. Its innovative approach and industry-specific focus have positioned it as a key enabler for businesses striving to meet sustainability goals. With a strong foundation and continued advancements in technology, Pledge is poised to expand its impact and support more organizations in achieving their environmental objectives in the years to come.