What is Patch?
AI-native climate-services and carbon-market platform for enterprise climate action.
- Category
- Carbon markets
- Headquarters
- San Francisco, CA
- Founded
- 2020
- Employees
- ~100-200
- Total funding
- ~$80M disclosed
- Valuation or Status
- Private; valuation undisclosed
What is Patch?
Patch helps companies plan, procure, and manage environmental resources, especially carbon credits and offtake agreements. The company combines climate expertise, proprietary market data, and software for enterprise climate programs.
Patch helps companies plan, procure, and manage environmental resources, especially carbon credits and offtake agreements. The company combines climate expertise, proprietary market data, and software for enterprise climate programs. Patch says 500+ companies worldwide work with it and 275+ climate projects partner with Patch. Its offices span San Francisco, London, and Singapore.
The company has evolved from a carbon-removal API and marketplace into an AI-native services company for carbon-credit procurement, offtake, RFPs, and enterprise climate strategy. Revenue is not publicly disclosed; the most durable scale signals are the customer counts, funding, product breadth, and current hiring/office footprint disclosed in public sources.
For sellers, Patch should be treated as a carbon markets buyer with specialized functional stakeholders. The strongest entry points are tied to measurable workflow impact, compliance or security fit, and integrations with the systems or operating model described in this profile.
Sources:Patch homepagePatch about
What does Patch offer?
Patch offers Patch platform, Embedded Climate Strategy, Radius, Offtake, RFP and related platform capabilities.
- Patch platform· Product
- Embedded Climate Strategy· Product
- Radius· Product
- Offtake· Product
- RFP· Product
- Carbon advisory· Product
- Trust and safety· Product
- Carbon-credit marketplace· Product
Sources:Patch homepagePatch about
How does Patch make money?
Patch does not publish fixed software tiers. Commercial terms are bespoke and tied to carbon-credit procurement volume, advisory scope, RFP/offtake work, marketplace access, and enterprise climate-program services.
Patch does not publish fixed software tiers. Commercial terms are bespoke and tied to carbon-credit procurement volume, advisory scope, RFP/offtake work, marketplace access, and enterprise climate-program services.
Growth is driven by customers expanding from an initial use case into adjacent workflows, more volume, more geographies, deeper integrations, and more governance. Where public price points exist, this profile names them; where pricing is quote-based, it states that clearly instead of inventing a contract value.
The sales motion is therefore consultative. Procurement usually evaluates security, data handling, implementation effort, and ROI, while the operating team evaluates whether the product reduces manual work, risk, latency, or revenue friction.
Sources:Patch homepagePatch about
Who leads Patch?
Patch is led by Brennan Spellacy with Aaron Grunfeld / technical leadership as a key technical/product leader.
- Brennan SpellacyCo-founder and CEOCo-founder - since 2020Leads company strategy and climate-market positioning.
- Aaron GrunfeldCo-founderCo-founder - since 2020Co-founded the platform and early API/marketplace product.
- Patch climate advisorsAdvisory boardCurrentIncludes climate and sustainability-market experts listed on the company site.
- Patch climate strategy teamEnterprise advisoryCurrentSupports enterprise buyers navigating environmental markets.
How do you contact Patch's leadership?
Use published company channels first. Personal leadership addresses listed here are clearly labeled as format-following where they are not published or verified.
format-following, not verified: first@patch.ioSources:Patch homepagePatch about
How much funding has Patch raised?
Patch has raised ~$80M disclosed; latest status: Private; valuation undisclosed.
Major disclosed financing events: 2020: Seed - amount disclosed in early coverage - Initial funding for carbon-removal API and marketplace. 2021: Series A - $20.7M - Andreessen Horowitz led the Series A for the carbon-removal platform. 2022: Series B - $55M - Energize Ventures led the Series B with participation reported from Coatue and other investors.
The latest disclosed financing signal is $55M Series B (2022). The investor group includes Energize / Andreessen Horowitz / Coatue, and the company is Private; valuation undisclosed. If a valuation, profitability metric, or round detail is not public, this profile marks it as undisclosed.
For sales planning, funding matters because it changes budget availability and procurement maturity. Late-stage or heavily funded buyers usually have stronger budgets but more formal reviews, while earlier-stage buyers may move faster but require a clearer connection to near-term execution.
How did Patch get here?
Patch's path runs from its 2020 founding through financing, product expansion, and current June 2026 scale.
- 2020FoundedPatch launches to make carbon-removal purchasing programmable.
- 2021Series APatch raises $20.7M and expands the marketplace/API.
- 2022Series BPatch raises $55M to scale carbon-market infrastructure.
- 2025Services repositioningPatch emphasizes embedded climate strategy and AI-native services.
- 2026Global footprintPatch lists San Francisco, London, and Singapore offices.
Sources:Patch homepagePatch about
Who are Patch's competitors?
Patch competes with companies that solve adjacent carbon markets workflows, though positioning differs by customer segment, product depth, and go-to-market motion.
- WatershedBroader sustainability platform with carbon accounting and marketplace workflows.
- CloverlyCarbon-credit API and climate-action platform.
- SylveraCarbon credit ratings and project intelligence.
- CarbonfutureCarbon removal MRV and credit-management platform.
- Carbon DirectCarbon advisory and procurement services.
- Plan ACarbon accounting and decarbonization software.
Sources:Patch homepagePatch about
Patch — frequently asked questions
