The San Francisco-based company said Energize Ventures led the round. New and existing investors, including Andreessen Horowitz and Version One Ventures, also participated. (The Logic)

Talking point: Patch’s platform helps companies build emissions calculators for customers, among other services. The company was co-founded by Canadian Aaron Grunfeld in 2020, and has raised US$80 million so far, including a US$20.75-million Series A in September 2021. It has more than 100 corporate customers, including Afterpay, and more than 60 staff, including at a new European headquarters in London. It plans to use the funds to keep growing its team to about 100 by the end of the year; to work on its technology; and to expand into new geographic areas, industry sectors and enterprise levels. The company didn’t intend to raise money at this time, but its investors encouraged it to do so ahead of schedule, Patch CEO Brennan Spellacy said in an emailed statement to The Logic. He noted that the current economic climate has resulted in “considerably more conservative” capital markets, but said companies that “have scaled impact and operate efficiently will always be able to raise capital.”