Daato, a pioneering ESG management platform from Berlin, announced securing over €5 million in seed funding, led by kopa ventures in partnership with neosfer, and IBB Ventures. This investment marks a pivotal moment for Daato, further enabling its mission to make ESG management efficient, compliant, and insightful for all businesses.
The new funds will be directed towards enhancing the platform’s automation capabilities and accelerating market expansion further to become the leading solution for comprehensive sustainability management. Founded in 2021, Daato aims to alleviate the operational burdens of ESG compliance, reinforcing its position as a key partner in the journey towards ESG excellence.
“As a startup operating in a happening space like ESG, we are thrilled to attract the commitment of investors such as kopa, Neosfer, and IBB Ventures – it speaks to the strength of our offering. This investment marks not just a vote of confidence in our vision and technology but also heralds a new chapter of accelerated growth and innovation for our company. The expertise and network that kopa Ventures, neosfer, and IBB Ventures bring to the table are invaluable as we continue to push the boundaries of what’s possible in the ESG software space,” said Satya Kamal Raparthi, CEO & Co-Founder of Daato.
After an impressive year of growth, achieving over a million in sales and establishing customer partnerships throughout the EU, Daato is poised for accelerated expansion. The platform stands out as the most comprehensive solution for ESG compliance and sustainability management, oBering a unique “horizontal” approach that meets the entire range of EU ESG reporting frameworks with its modular and highly standardized design.
”Daato’s team convinced us with their holistic solution that will enable SMEs and corporates to monitor, report, and improve their ESG-related impact towards a sustainable economy. We were impressed by the founders’ domain expertise and deep understanding of the customer needs, reflected in their early market success,” added Luis Sperr, managing partner at kopa ventures.
Daato’s ability to serve both large corporations and SMEs is particularly significant amidst the evolving ESG market, driven by the recent EU Corporate Sustainability Reporting Directive (CSRD). With approximately 60,000 EU companies now facing new ESG reporting requirements, Daato oBers an essential solution to navigate these complexities with ease. By making ESG metrics accessible and actionable, Daato encourages corporations, including SMEs, to adopt more sustainable and transparent practices, fostering a more eco-conscious and ethically responsible business landscape.
“In an era where sustainability and ethical governance define the frontier of corporate leadership, it is imperative for executives to embrace ESG management not merely as a compliance tick-box but as a cornerstone of strategic vision. The amalgamation of a dedicated, innovative team and cutting-edge technology forms the bedrock of this endeavor, enabling organizations to navigate the complexities of ESG commitments. This is why I support Daato whose founders have shown foresight, dedication, and agility from the beginning of their journey,” commented Anahita Thoms, Board Advisor of Daato and an esteemed expert in Corporate Sustainability.
Read the orginal article: https://www.eu-startups.com/2024/03/berlin-based-daato-closes-e5-million-seed-to-further-accelerate-the-esg-transformation/
