Data Platform Datia Secures $3.4M For Sustainable Finance
Climate fintech Datia packed up $3.4M for its data platform to simplify ESG workflows.
Headquartered in Stockholm, Datia was founded in 2019 by Juan Manuel Serruya and Manne Larsson with the goal to support investors in sustainable finance. Now, a fintech startup has raised $3.4 million in seed funding to meet the goal of transitioning towards a sustainable finance workflow.
The funding round was led by Nauta Capital, the Berlin-based VC firm. Moreover, the startup also witnessed the participation of Paul Schwarzenholz Zenloop’s founder, Accel Starter Ramzi Rizk, Söderberg & Partners and Sting.
The fintech company offers sustainability calculations for scores of data points including carbon footprint, energy usage, and gender pay gap in companies and funds. The company collaborates with everyone including asset managers, platforms, and wealth advisors to measure the impact of portfolios, regulatory reporting, and screening.
Founder and CEO Juan Manuel Serruya shared:
“Old-school ESG ratings aren’t enough anymore. Increasingly the challenge is integrating real, hard data into the investment process, complying with rapidly changing regulations and client demands for sustainability. Investors face challenges collecting hundreds of ESG data points, incorporating them into their investment process and complying with complex regulatory client demands. Datia is an investor-first solution for that.”
As climate fintech has become a new emerging trend in the finance industry, the fintech sector is contributing well to addressing both sustainability and financial concerns. Owing to the emerging trend, more climate fintech startups are on the rise to serve their contribution towards climate, finance, and digital technology.
Guillem Sague, the newly appointed Datia board member in terms of her experience with Datia said:
“Datia’s ability to help the investor with ESG data, means less of a headache and more transparent analysis. Ultimately, it brings the investor forward into the future of sustainable finance.”
Currently, the company has a customer network of more than $100B assets under management AUM. Moreover, the company also shared its expansion plans about expanding across Europe.
With the fresh funding, the startup will also accelerate the research and development of ESG tools and sustainability data.