Darwin funding news – Paris-based Darwin has Raised €1.5Million in Funding
Nov 28, 2024 | By Kailee Rainse
Darwin has secured €1.5 million in funding from Astérion and climate-focused business angels. Walid Chergui, formerly a senior engineer at Algolia, has joined as CTO.
SUMMARY
- Darwin has secured €1.5 million in funding from Astérion and climate-focused business angels.
- Darwin helps ESG players integrate biodiversity insights into their services. Its AI-powered modular platform supports consultants and software providers in creating complete nature strategies.
The company is creating a science-based approach aligned with global standards like SBTN (Science-Based Targets for Nature) and TNFD (Taskforce on Nature-related Financial Disclosures).
It measures how companies impact and depend on nature. It calculates biodiversity footprints by analyzing how business activities contribute to the five main causes of biodiversity loss identified by IPBES. Dependencies are assessed based on reliance on ecosystem services.
Read also - Taito.ai funding news - Helsinki-based Taito.ai has Secured €2.5 Million in Seed Funding
With increasing data complexity, it uses algorithms to organize and analyze information. The platform helps companies at every step of developing a nature strategy, including data collection, risk assessment, action planning, and reporting.
Aurore Falque-Pierrotin, CEO and co-founder of Darwin, stated: "At darwin, we are convinced that the private sector has a crucial role to play in resolving the biodiversity crisis. This fundraising will allow us to accelerate the development of our product, designed to provide consultants and other software platforms with the necessary tools to enable companies to take action. Our indirect approach allows us to collaborate with established ESG players, meeting the growing needs for productivity and accuracy in this emerging market."
Marine Reygrobellet, Partner at Astérion said, "We chose to invest in Darwin because we strongly believe in their ability to transform the biodiversity sector. They provide a unique solution to overcome the challenges of managing the massive, complex and heterogeneous data that hinders action on biodiversity. Through intelligent automation and robust infrastructure, Darwin goes beyond traditional approaches and facilitates impact analysis paving the way for more effective biodiversity strategies."
Darwin Aim
Darwin aims to quickly expand its Tech and R&D team by hiring developers, data scientists and ecology experts. This will help improve its data models and algorithms. The company also plans to launch its product across France and Europe using its network of consultants and software platforms while adding new features to protect biodiversity.
About Darwin
Darwin helps ESG players integrate biodiversity insights into their services. Its AI-powered modular platform supports consultants and software providers in creating complete nature strategies.