Plan A in a $10 million financing round led by HV Capital and Keen Venture Partners.

Plan A, a Berlin, Germany-based SAAS developer for carbon-neutral analytics, completed a $10 million series A equity fundraising round.

The money was raised from investors led by HV Capital and Keen Venture Partners, and joined by existing shareholders Demeter and coparion.

Proceeds will be used to further develop the platform and expand internationally, as the company intends to open offices in London, Munich and Paris.

Plan A was founded in 2017 by CEO Lubomila Jordanova and Nathan Bonnisseau, develops a software solution that lets companies measure, monitor, reduce and report their environmental footprint, thus improving their ESG ratings. The company works with customers including Société Générale, GANNI, AlbionVC, BMW Foundation, BCG Digital Ventures and football club Werder Bremen.

Plan A previously raised $3 million from SoftBank, Demeter and Coparion in March 2021.