Sopht raises €3.3M for energy reduction SaaS

Sopht, a French software provider that analyses and optimises a companies’ compute usage, has raised a €3.3M round.

Impact investors Ring Capital and Climate Club participated alongside historical investors Wind Capital, Evolem and Plug&Play, with Ternel and Axeleo Capital co-leading the round.

Sopht currently has around twenty clients in France and internationally, including BNP Paribas, VINCI, ADECCO, VEOLIA, and EDENRED. With this funding, the goal is to significantly accelerate its commercial development in Europe, triple its portfolio of key accounts, and reach the symbolic figure of 1 million tons of CO2 under management within four years.

The company currently has around twenty employees based in Paris, Lyon, and London and aims to double its workforce in the next 24 months with specialized hires in cloud, data, and infrastructure.

"IT investments have never been as significant as in 2024. Gartner has revised its projections, with global IT spending expected to reach $5.06T, an 18% increase from previous estimates, surpassing Germany's GDP. However, there has never been such an overconsumption of IT resources. Knowing that the average holding period for a PC in a company is just over three years or that 35% of cloud expenditures are overinvested, the CO2-Euro ratio becomes almost a no-brainer for IT organizations," explained Jérémie VEG, CEO & Co-founder. 

"CIOs manage their digital transformation on the triad: Performance / Security / Costs, but it is urgent to add a fourth dimension, 'Green ITOps,' focused on the frugality of IT operations." he added.