Brightly Ventures

Brightly Ventures

Verified

Launch date
Employees
Market cap
-
Net debt
-
Enterprise valuation
$400—600k (Dealroom.co estimates Jul 2023.)
Boston Massachusetts (HQ)
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DateInvestorsAmountRound
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$100k

Seed
Total Funding000k

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Brightly.earth is an innovative startup focused on addressing food waste and food insecurity while contributing to environmental sustainability. The company partners with food recovery organizations, which are non-profit groups that rescue surplus food from being thrown away and redirect it to people in need. By doing this, Brightly.earth helps reduce the amount of food waste that ends up in landfills, which in turn prevents the release of methane, a harmful greenhouse gas.

Brightly.earth operates in the environmental sustainability and social impact market. Its primary clients are food recovery organizations that collect data on the types and quantities of food they save. Brightly.earth uses this data to calculate the amount of greenhouse gas emissions that have been avoided because the food was not wasted.

The company's business model revolves around generating and selling carbon credits. Carbon credits are permits that represent the reduction of one ton of carbon dioxide emissions. Brightly.earth's carbon credits are verified by third-party organizations to ensure the accuracy and transparency of the data and emissions calculations. These credits are then issued by Verra, a well-known standard in the carbon credit industry, ensuring they meet high validation standards.

Brightly.earth makes money by selling these verified carbon credits to businesses and individuals looking to offset their carbon footprint. The revenue generated from these sales provides ongoing funding for food recovery organizations, enabling them to rescue more food and feed more people. This creates a sustainable cycle of environmental and social benefits.

In summary, Brightly.earth is a startup that leverages surplus food to fight hunger and reduce greenhouse gas emissions, generating revenue through the sale of verified carbon credits.

Keywords: food recovery, carbon credits, methane reduction, environmental sustainability, social impact, surplus food, greenhouse gas, third-party verification, Verra, food insecurity.