Scope 5 emerged from stealth mode to announce that it raised its first outside funding from a group of angel investors. The company closed the round quickly on the heels of achieving several milestones: releasing the first version of their sustainability management software service; signing two sustainability consulting firms as partners; and landing two representative customers with multi-year software service subscriptions.
“The endorsement of our early partners and customers signals that we are solving real and unaddressed pain in the sustainability management market,” said Yoram Bernet, a co-founder and CEO of Scope 5. “Our investors moved briskly so that we can focus more of our energy on meeting our next major sales and product milestones.”
David Billstrom, an experienced venture capitalist and serial entrepreneur, also joined Scope 5’s board of directors in connection with the financing. “There is an obvious market opportunity, but even more importantly, I was very impressed by how easy their service is to use. It reminds me of my first experience with salesforce.com,” said Mr. Billstrom, a veteran of over 20 technology start-ups. “And the passion of this team is a strong predictor of their future success.”
Good Company, one of Scope 5’s first partners, is a pioneer in sustainability consulting. Joshua Skov of Good Company explained, “After more than a decade of sustainability consulting, we have found that spreadsheets have reached their limits. Scope 5 is the first SaaS [software as a service] alternative we’ve seen with the function, flexibility and pricing that suit our business and government clients.”
Source:http://www.marketwatch.com/story/scope-5-secures-financing-for-energy-and-sustainability-software-service-2011-12-29
