Clarasight
Our Investment in Clarasight
Driving sustainability and net zero outcomes across every employee, team, and department
Cutting greenhouse gas emissions to preserve a livable planet is impossible without corporate net zero commitments. Nearly one fifth of the world’s 2,000 largest companies have publicly announced net zero goals, with two-third of the S&P 500 setting emission reduction targets of some kind. We expect this trend to continue with rising consumer consciousness and shifting employee expectations regarding corporate sustainability. But what are net zero goals without genuine action towards achieving them? As a growing coalition of countries, cities, and businesses make net zero pledges, the need to operationalize against these commitments and build resiliency grows alongside it.
We’ve already announced our support of companies that are developing tools to facilitate climate action by embedding carbon reductions and credits into everyday transactions. Now we’re excited to share that we are 2x backers of Clarasight, which is addressing net zero goals at the company level by partnering with sustainability teams and empowering employees. We’re thrilled to back Clarasight - founded by Adam Braun and Philip Charm - as they continue to help companies track, measure, and improve Scope 3 emissions through their data-driven technology.
What is Clarasight?
The Clarasight platform gives companies the ability to translate net zero goals into action by engaging employees across teams with a unified approach. Their technology helps companies create actionable sustainability plans at scale, provides real-time performance across departments, and integrates accurate data for compliance and reporting. And because their platform seamlessly connects to core systems, Clarasight takes care of all the data collection and automation. Clarasight’s data then enables companies to map emissions all the way down to the individual employee level in order to determine where the most effective improvements can be made. By using Clarasight’s product, companies are then able to reduce their carbon and costs from different areas including business travel, home, commute, purchased goods and services, and others. Clearly outlined, data-driven goals also create personalized roadmaps for employees, furthering the chances of engagement and success.
Why did we invest?
Clarasight’s co-founders, Adam Braun and Philip Charm
Compelling Founder-Market Fit
Clarasight’s co-founders are serial entrepreneurs and longtime friends from Brown University. They both have extensive experience scaling companies as founders and operators with a complementary skill set at the intersection of driving individual action and enterprise SaaS.
Previously, the company’s CEO, Adam Braun, was the Founder and CEO of Pencils of Promise, the award-winning organization that has built nearly 600 schools around the world serving 200,000+ students. Adam went on to become Co-Founder & CEO of MissionU, an edtech company that was acquired by WeWork in 2018. In recent years he has been named to Business Insider's 40 Under 40, Wired Magazine’s “50 People Who Are Changing the World,” and wrote a NY Times bestselling book as well. He is also a long-time member of the MCJ community. Prior to co-founding Clarasight, Philip Charm held leadership roles at Medallia, Gainsight and Checkr and has an extensive background working as an advisor and investor. Philip holds a BA from Brown University and an MBA from University of California, Berkeley.
Building Company Resiliency
Reports continue to highlight a growing shift in employee mentality when it comes to corporate sustainability. Many workers not only expect their employers to become more sustainable, but they also want to play a role in helping their company build resiliency and meet climate-related targets. Employees also expect their employer to provide the education, resources, and tools to facilitate this change. Most companies understand the importance of strengthening resiliency, and that their greatest asset in meeting net zero goals is mobilizing talent from within. In this way, Clarasight’s solution is bridging the gap between a company’s intentions and real actions, while helping reduce costs and increase revenue along the way.
The company’s growing list of customers and partners includes Meta, Bain, Google Nest, Lyft, OhmConnect and more. We’re excited to see support Adam, Philip and the entire Clarasight team as they continue to gain traction.
