If you’re a part of the environmental, health, and safety (EHS) industry or rely on technology for environmental compliance and EPCRA Tier II reporting, we’d like to think you’ve heard of Encamp by now. But to fill you in, we’re all about environmental compliance innovation. We introduced a first of its kind end to end software platform for compliance and reporting in 2018, and it’s created a buzz ever since.
Now, we’re turning the buzz way up.
We’re thrilled to announce Encamp has raised $12 million in Series B funding led by OpenView. The funding was supported with participation from Encamp investors High Alpha Capital, Allos Ventures, and IU Ventures, who participated in an earlier funding round in April 2020 (co-led by HA and Allos). The investment will be used to fuel our SaaS-based platform’s ongoing environmental compliance innovation and add resources in engineering, compliance, sales, and other areas. Naturally, the new funding is great news for Encamp and our future. But it’s even better news for our industry and every environmental compliance specialist who wants a solution that makes their job easier.
OpenView is respected for helping fast-growing software companies hit their potential with what it terms “product led growth” in the “end user era.” Put simply, purchasing decisions should focus on end users. Instead of “How will this product help the business’ bottom line?,” the primary decision-making criteria is always “How will this product help someone in their day-to-day?”
Which brings us to a day in the life of an environmental compliance professional — our software’s main end users — and why we created the Encamp platform in the first place. (Read about our journey to see how it all began on a camping trip.)
If you have to deal with environmental compliance every day and issues like Tier II reporting every year, we know what you’re up against. Most of us at Encamp come from environmental compliance backgrounds, and we always asked the same question you do.
“Why are we using spreadsheets to manage all this information and file compliance reports?”
In 2017 when we first envisioned Encamp, we knew software and digital innovation had been making businesses more efficient for a long time. The digital transformation was well underway and proving its value.
So our thinking was, why not environmental compliance innovation? Let’s bring the same forward thinking to compliance by making data as accessible as possible and automating how information is compiled and reported.
Encamp’s mission was — and still is — to make managing compliance data and reporting faster, easier, and more accurate for every regulated facility, for all 50 states. That meant breaking down our mission’s approach into three stages to tackle the fundamental problem the EHS industry had faced for decades.
As a source for critical environmental compliance information, we developed our software platform to combine a powerful data management system and compliance reporting automation. As an end user, you get features that simplify the entire compliance and reporting process.
Encamp is also deployed via the cloud, which lets you implement Encamp in a matter of days (or a couple weeks) and ramp up compliance operations rapidly. By comparison for data management point systems and legacy Environmental Management Information Systems (EMIS) hardware, implementation can take months if not years, especially for EMIS products that require some serious configuration. Rapid deployment is part of our environmental compliance innovation approach.
If you’re an environmental compliance professional at any level, Encamp gives you a modern software option that makes spreadsheets, point systems, and EMIS products seem archaic. Unlike the single Encamp platform, these solutions are often disjointed and inefficient. They create data silos and do a poor job of connecting and tracking data streams, let alone compliance operations. And quite frankly, they’re no fun to use.
When we launched the initial version of Encamp’s software platform publicly in 2018, it made us trailblazers in environmental compliance innovation rather quickly. By 2019, our software had drawn more than 100 customers and made Encamp the largest filer of EPCRA Tier II hazardous material inventory reports in the United States.
But there’s also a saying that innovation never stops. In Encamp’s case, upgrades to our platform are both inevitable and constant.
For instance, we recently increased onboarding for larger enterprises and their EHS operations. For all facilities in your organization, we put a broader range of state and federal regulatory requirements information at your fingertips through our platform’s integration with EPA databases. New integrated mapping also puts all your facilities in a single view. We additionally enhanced our platform’s facility-based profiles, compliance calendar, and fillable forms for reporting to make the compliance process easier.
Yet even with ongoing improvements to the Encamp platform, we’ll never lose sight of why we created it.
Now, we need to keep looking ahead and take another step.
While Encamp started out to become the premier data source and system of record for environmental compliance and reporting, the industry’s dynamic is shifting. The new outlook for environmental compliance innovation are systems of intelligence for regulatory rules and data, and technology must set the new course to delivering them.
The Encamp platform has already set that course. And now our product roadmap, the support of our investors, and ongoing guidance from OpenView will let us transform environmental compliance yet again — this time as the premier environmental compliance system of intelligence.
We also know the incredible minds at OpenView will help bring Encamp closer to achieving our original mission: To ensure environmental compliance in every regulated facility in the U.S. We’re excited that OpenView is on this journey with us.
Even in Encamp’s short history, there’s a reason we’re viewed as trailblazers of environmental compliance. For every environmental compliance specialist in the EHS industry, we’re ready to make compliance and reporting faster, easier, more accurate — and more intelligent — than we already have.
Founded in 2006, OpenView is a venture capital firm investing globally in business software companies. With a mission to improve people’s working lives, OpenView’s focused investment approach across sector and stage enables the firm to identify and partner with category leading business software companies. The firm’s focus extends to operational excellence through its dedicated expansion team working with portfolio companies on go-to-market, sales and marketing, product led growth, talent, and corporate development. The firm is based in Boston and has $1.5 billion in total capital under management. For more information, please visit openviewpartners.com.
High Alpha is a leading venture studio focused on building next-generation B2B SaaS companies through a new model for entrepreneurship that unites company building and venture capital. The High Alpha team partners with entrepreneurs, investors and large corporations to conceive, launch and scale new software companies. For more information: highalpha.com or on Twitter at @highalpha.
Allos Ventures invests in early-stage technology companies based in the Midwest. Investments focus on B2B software companies at a Seed and Series A stage, augmenting the capital provided by seed and startup investors. In addition to the capital Allos provides, portfolio companies benefit from the extensive operating and business-building experience of the firm’s managing partners, who make themselves available as needed to support each portfolio company’s growth. For more information: allosventures.com.
IU Ventures is a Code Section 501(c)(3) organization dedicated to empowering Indiana University faculty, alumni, and friends to support and invest in IU-affiliated innovation. Through the IU Philanthropic Venture Fund and the IU Angel Network,IU Ventures works to provide opportunities for individuals affiliated with IU to network with fellow entrepreneurs; build innovative new businesses; and support growing enterprises through donations, investments, time and talents.test