Encamp raises $3.1M Series A funding to provide software tools that lower the cost of staying compliant with environmental regulations
Staying compliant with environmental regulations is not an easy task for most companies. Encamp is an Indianapolis, Indiana-based tech startup on a mission to create a world where good for business is good for the environment. Its Compliance Platform equips environmental, health, and safety (EHS) teams to better understand their compliance responsibilities for all facilities, manage workflows and documentation in a powerfully simple interface, and meet all compliance requirements in one unified system.
Today, Encamp announced it has raised $3.1 million in Series A funding to expand the development of the Encamp platform. The round was led by Allos Ventures and High Alpha Capital, with participation from IU Ventures. Along with their investment, Encamp also announced tha David Kerr, managing director at Allos Ventures, and Mike Fitzgerald, partner at High Alpha, will join its board of directors.
Founded in 2018 by Luke Jacobs and Sam Jacobs, Encamp is currently the largest third-party filer of EPCRA Tier II reporting in the country. They currently work with more than 170 customers including American Tower Corporation, Nutrien Ag Solutions and Asmark Institute, tracking more than 10,000 compliance dates and managing more than 2,500 facilities across the country.
Encamp makes it easy to manage your EHS documents, deadlines, permits and tasks, all in one, modern platform. The Compliance Platform is an essential product in the Encamp EHS Suite, allowing users to get up-to-the-minute views of their entire compliance reporting schedule across the enterprise on a clean, visual calendar that is synced to federal and state EHS databases to ensure accuracy. Encamp plans to further develop its platform this year, which will deliver a more comprehensive look at applicable regulations and requirements for EHS reporting with companies of all sizes and industries.
“The funding and expertise that our partners at Allos Ventures, High Alpha, and IU Ventures have provided will allow us to better serve our customers, who desperately need a tool like ours to help ensure that they’re compliant with government standards,” said Luke Jacobs, CEO and co-founder of Encamp. “Encamp is on a mission to make EHS compliance fast, simple and accurate, and we know that our tool will help companies of all sizes achieve environmental goals.”
Encamp is quickly becoming an integral and innovative solution for EHS professionals. By streamlining environmental compliance reporting, companies can better understand, manage and comply with all requirements for business operations, while enhancing accuracy and efficiency.
“Encamp’s solution is well-timed to meet the needs of companies across the US faced with the increasing complexity of environmental regulations and compliance. We believe the market will see a significant shift towards automating and streamlining compliance,” says David Kerr, managing director at Allos Ventures. “Encamp is a powerful EHS solution and we are excited to collaborate with a passionate team of experts as they work to build a great company.”
“We’re excited to continue partnering with the Encamp team as they help large organizations drive efficiencies and digitize their manual compliance reporting,” says Mike Fitzgerald, partner at High Alpha. “We believe Encamp is tackling a massive opportunity as their industry undergoes a digital transformation and moves offline data and processes to the cloud.”