Frankfurt-based leonardo. impact, an impact measurement startup, announced on Friday, August 18, that it has raised €555K in a pre-seed funding round. The round was led by Beteiligungs-Managementgesellschaft Hessen (BMH), a local Hessen-based investor.
In addition to BMH, the German startup also secured the support of eight mission-driven Business Angels.
The company says that these individuals also offer invaluable expertise across diverse industries such as tech entrepreneurship, impact measurement, sales, software engineering, and more.
The latest capital injection will help leonardo accelerate its mission to disrupt the status quo of sustainability reporting through its AI-powered software, claims the company.
“We need to develop better and easier-to-use technology built upon scientific standards so that sustainability data can be trusted again,” says Jan Moellmann, CEO of leonardo. impact.
leonardo: Disrupting the status quo of sustainability data
Founded by Jasper Klemm, Jan Moellmann, and Samuel Khew, as a spin-off of TU Munich, leonardo is an impact-driven software company that enables organisations and their capital providers to measure, verify and report their sustainability impact according to recognised global standards.
The company does it by combining scientific standards with a software product that drastically simplifies complex tasks and will include AI-supported impact verification.
The Investor
BMH Beteiligungs-Managementgesellschaft Hessen is a wholly owned subsidiary of Landesbank Hessen-Thüringen Girozentrale (Helaba).
Through the Wirtschafts- und Infrastrukturbank Hessen (WIBank), BMH is actively involved in the economic development of Hesse.
As a medium-sized investment and venture capital company, BMH combines public investment interests and financing instruments for early-stage, high-growth, and medium-sized companies in Hesse.
BMH currently manages seven investment funds with a total volume of around €125M.
Since its inception, BMH has invested in more than 500 companies. The main areas of investment include software & IT, life sciences, mechanical sciences, mechanical and plant engineering, industrial goods, professional services, and e-commerce.
“We are very happy about the team of vision-aligned and experienced investors, especially given the difficulty startups are facing in the current market to secure funding. It underscores the importance of impact measurement, serving the needs of capital providers, and impact-driven businesses seeking to make a difference,” says Stephan Groß of BMH.
Read the orginal article: https://siliconcanals.com/news/startups/germanys-leonardo-raises-555k/
