Project Canary is a Denver, CO–based climate tech and environmental assessment company formed as a Public Benefit Corporation by CEO and co-founder Chris Romer. It offers a SaaS-based data analytics platform focused on the environmental performance (the E in ESG) for emission-intensive companies. The platform assesses and scores responsible operations and produces independent, measured emission profiles, including methane, using high-fidelity continuous monitoring technology. Project Canary provides independent, holistic environmental assessments and facility-level monitoring solutions to help companies measure and improve operations and emissions profiles. The company plans to use new funding to scale its core solutions and expand into new sectors. The article reports a $111M Series B raised in February 2022 to support those efforts. Project Canary delivers continuous, on-site, real-time emissions monitoring technology and independent ESG data to customers across the energy, manufacturing, and waste management sectors. Its TrustWell™ certification attests to responsibly sourced gas (RSG) verification and has been applied to over 5,000 wells in the U.S., with more than 1,500 additional wells in its sales pipeline. The company reports that TrustWell™ certification has been involved in over 85 percent of RSG transactions in the U.S. to date. Project Canary says it is working with nearly 100 partners across the energy sector, including producers, pipeline operators, utilities, LNG providers, investors, and lenders. It is a mission-driven B‑Corporation (approval pending) and partners with the Colorado School of Mines Payne Institute to share best practices and insights from continuous monitoring. The company positions its product as a tool to provide actionable, independent data that supports customers’ net-zero and decarbonization goals.

Total raised

$121M

Funding rounds

2

Latest round

Series B

Latest activity

Feb 2022