Founded in 2017 by Luke and Sam Jacobs, Encamp is an American startup company that provides a SaaS-based platform specializing in environmental compliance automation, hazardous material tracking, and environmental data management. The purpose of the business is to make environmental compliance faster, easier, and more accurate.
In an interview, Luke Jacobs, co-founder and CEO of Encamp, said, “We want to create a world where what’s good for business is good for the environment.”
According to the SaaS startup company, the platform has helped Encamp customers save between 30 and 40 hours on Emergency Planning and Community Right-to-Know Act (EPCRA) Tier II reporting alone. In addition, for every EPCRA Tier II report that is filed using the software created by the business, Encamp makes a donation to One Tree Planted, a nonprofit organization that plants one tree for every dollar donated. As a result, the startup company planted nearly 9,000 saplings nationwide, more than half of which were planted in 2020.
The SaaS business claims it is the largest third-party filer of EPCRA Tier II reports. Encamp also has more than 200 organizations in more than 4,000 facilities around the country relying on the software and services the startup created. The company reported it has a document library consisting of more than 18,000 documents for general reporting for customers.
Crunchbase data indicates the Indianapolis-based business has raised $17.2 million in total funding with investors like Allos Ventures, High Alpha, and the Indiana University Philanthropic Venture Fund.
$12 Million Series B
In a press release, Encamp announced the startup company completed a Series B financing round, resulting in the SaaS business raising $12 million. This funding round was led by OpenView and featured participation from previous investors.
Ricky Pelletier, a partner at OpenView, said in a statement, “We’ve been excited about Encamp since our first meeting with their fantastic founding team. Luke and the Encamp team are uniquely positioned to fundamentally change the world of environmental compliance, and we’re thrilled to partner again with High Alpha and Allos Ventures.”
After experiencing an 800% revenue growth in 2020, the startup company plans to use the new capital to fuel the ongoing development of the SaaS-based platform. Furthermore, Encamp plans to ramp up hiring and resources in engineering, compliance, sales, marketing, and other areas.
Jacobs added in a statement, “When we started Encamp, our goal was to become the premier system of record for environmental compliance and reporting, which we did...That dynamic is shifting, however. Regulators and the EHS industry are now moving towards systems of intelligence for regulatory rules and data. Therefore, going forward, our aim is to become the new premier system of intelligence for environmental compliance. Encamp’s platform and product roadmap support this new direction, as does OpenView. We know they’ll be a strong and positive influence in helping us continue transforming how environmental compliance works.”
About the Author
McKenzie Carpenter is a graduate of Central Michigan University with a B.A.A. in Integrative Public Relations and French. McKenzie has previously worked for small businesses and nonprofit organizations.