• Hara Raises $14 Million Series B For Environmental Impact Monitoring Software

    Wednesday, September 9th, 2009

    Erick Schonfeld is a technology journalist and the former Editor in Chief of TechCrunch. At TechCrunch, he oversaw the editorial content of the site, helped to program the Disrupt conferences and CrunchUps, produced TCTV shows, and wrote daily for the blog. He joined TechCrunch as Co-Editor in 2007, and helped take it from a popular blog to a thriving... → Learn More

    More and more companies these days are trying to measure their environmental impact, and that is good business for startups like Hara, which provides Web-based environmental impact and energy monitoring software. Hara raised $14 million in a Series B funding today. The round was led by Jafco Ventures, with Nth Power and Kleiner participating.

    Hara was founded a year ago with a $6 million investment from Kleiner Perkins. Its software provides a way to measure a company’s carbon footprint and energy usage. The software-as-a-service then produces reports which can be audited. As more and more companies and governments introduce carbon emission policies and regulations, the need for such software will grow.

    Customers include Coca-Cola, the City of Palo Alto, and various multinational corporations. The new funds will be partly used to expand into Asia, which makes sense since environmental monitoring only works if you do it on a global basis.

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