Wilson Sonsini Advises Cleartrace on $20 Million Strategic Funding Round

On June 29, 2022, Cleartrace, a leading carbon and energy management software company, announced that it has raised $20 million in a strategic funding round led by ClearSky with investment from Brookfield Renewable, EDF Energy North America, Tenaska, and Exelon. Wilson Sonsini Goodrich & Rosati represented Cleartrace in the transaction.

Cleartrace will use the new investment to accelerate growth for its advanced carbon and energy management platform serving real estate portfolios, financial institutions, data centers, and renewable energy suppliers. The raise follows major growth announcements from Cleartrace, including its selection to provide auditable and assurance-ready proof of decarbonization for all of Iron Mountain’s U.S. data centers, Brookfield Properties’ premier skyscraper One Manhattan West, and JPMorgan Chase’s offices.

The Wilson Sonsini team that advised Cleartrace on the transaction included: Bob O'Connor, Virginia Harris, Justin D’Aniello, David Wayne, and Karen Becker.

For more information, please see Cleartrace's news release. Additional coverage can be found on AustinInno.