Encamp Secures $30M Funding to Transform Environmental Compliance

Encamp has raised $30M in a round led by Drive Capital, with participation from existing investors OpenView, High Alpha Capital, Allos Ventures, and more. The round follows on the back of a 500% increase in ARR in 2021 and rapid people growth, and values the company at $150 million. 

I’m grateful for these investors’ conviction in Encamp, for the employees that have gotten us to this point, and for our incredible clients, who make all of this possible.

We started Encamp four years ago with a dream of a future where businesses are able to automate environmental compliance data tracking and reporting at every facility to all the right regulatory agencies across all jurisdictions for every requirement — in one unified system.

However, that’s not how it works today.

Compliance and Sustainability

Facility environmental data is typically spread across a vast number of unrelated internal enterprise systems. Maintaining the integrity of facility environmental data across all these disconnected and constantly changing systems makes it challenging for companies to sustain robust and streamlined environmental compliance programs.

Encamp’s core thesis is that facility environmental data is essential to enable high performing environmental and social governance (ESG) initiatives and protect companies from compliance risks — and that unifying this data in a single system will help companies grow while protecting the environment.

Technology that Transforms Compliance

Encamp provides companies and environmental health and safety (EHS) teams a single system to track facility environmental data, assess compliance requirements based on that data, and automate compliance reporting to all the right regulatory agencies across a rapidly growing number of regulations

This system doesn’t just eliminate the complexity, cost, and constraints inherent with approaches involving billable hours and manual work—we believe it will be a critical foundation for driving environmental initiatives and sustainable growth in the world’s largest companies going forward.

We’ve been humbled to see our customers join our vision and transform their environmental compliance programs. Enterprises that invest in EHS software and a data-first approach to their environmental initiatives aren’t just more efficient. They are better environmental stewards—with more intelligent workflows, more robust compliance reporting processes, and more powerful analytics to achieve environmental and operational goals. This is also why we have seen a 500% revenue growth in 2021 and have many of the Fortune 1000 companies as customers.

What’s Next?

We’re on a mission to create a world where good for business can equal good for the environment. 

Looking ahead, and with this funding, we will be laser focused on building the environmental operating system that allows companies across the globe to use data to not only comply with environmental regulations, but to also unlock their potential for sustainable growth to build a better future. We believe that economic growth and environmental sustainability can fuel one another through technology—and we are looking for remarkable people who believe the same to help us build this future. 

Sic Parvis Magna (thus great things from small things).

Read the full press release here.

Does this mission excite you? Are you an exceptional individual looking to make an impact on the environment using technology? Check out our open job postings and apply today!