Allos Ventures, High Alpha, and IU Ventures invest in EHS reporting software to propel compliance digitalization
(INDIANAPOLIS – May 19, 2020) – Encamp, an environmental, health, and safety (EHS) software platform, today announced it has raised $3.1 million in Series A funding, led by Allos Ventures and High Alpha Capital, with participation from IU Ventures. Funds will be used to expand the development of the Encamp platform. Along with their investment, David Kerr, managing director at Allos Ventures, and Mike Fitzgerald, partner at High Alpha, will join the Encamp board of directors.
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.”
Encamp launched in 2018 and 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.
“Keeping track of all 50 states’ reporting requirements is almost impossible. With more than 300 facilities across the U.S., our compliance team was spending days, even weeks, on tracking and reporting for each individual state,” said Megan Cook, supervisor of HazMat Compliance at American Tower Corporation. “With Encamp, we reduced the time spent on filing by more than two weeks, added the ability to update critical information in hours and increased overall confidence in our reporting abilities.”
Encamp was also recently named TechPoint Mira Awards 2019 Startup of the Year and the 2019 OH&S New Product of the Year.
To learn more about Encamp, visit https://encamp.com.
Encamp is on a mission to create a world where good for business is good for the environment. Encamp is automating EHS compliance and risk-minimization for modern companies. The Encamp Compliance Platform equips 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. Currently, Encamp serves more than 2,500 facilities nationwide and is headquartered in Indianapolis, Indiana.
About Allos Ventures:
Allos Ventures invests in early-stage technology companies based in the Midwest. Investments focus on B2B software companies at a Series A or B stage, augmenting the capital provided by seed and startup investors. In addition to the capital Allos provides, portfolio companies benefit from the extensive operating and business-building experience of the firm’s managing partners, who make themselves available as needed to support each portfolio company’s growth.
About High Alpha:
High Alpha is a leading venture studio focused on building next-generation B2B SaaS companies through a new model for entrepreneurship that unites company building and venture capital. The High Alpha team partners with entrepreneurs, investors and large corporations to conceive, launch and scale new software companies. For more information: highalpha.com or on Twitter at @highalpha.
About IU Ventures
IU Ventures is a Code Section 501(c)(3) organization dedicated to empowering Indiana University faculty, alumni, and friends to support and invest in IU-affiliated innovation. Through three programs — the IU Philanthropic Venture Fund, the IU Angel Network and The Quarry — IU Ventures works to provide opportunities for individuals affiliated with IU to network with fellow entrepreneurs; build innovative new businesses; and support growing enterprises through donations, investments, time and talents.