Dcycle Acquires German ESG Platform ESG-X To Expand In DACH Region

The acquisition combines Dcycle’s non-financial data management infrastructure with ESG-X’s AI technology for double materiality assessments and corporate sustainability compliance. Dcycle now offers dedicated local support across the UK, Spain and Germany covering key European sustainability reporting regulations.

Juanjo Mestre, CEO and co-founder of Dcycle, said, “The European ESG software market has entered a clear consolidation phase. With over one hundred solutions competing to solve isolated parts of the problem, the fragmented model no longer meets the real needs of the companies we serve. Our vision is clear the only way to scale sustainability data efficiently is through integrated platforms that enable companies to own their data infrastructure. This acquisition is all about building the best possible product for our customers.”

Founded in 2020 by Juanjo Mestre, Jacobo Umbert, and Luis Escámez, Dcycle is a B2B SaaS platform that helps companies centralise, manage, and operationalise data. The platform enables teams to collect, validate, and use data to measure and communicate non-financial performance.

Dcycle highlights that European businesses are facing a major transition as CSRD-aligned disclosures roll out across the EU, while UK companies prepare for upcoming Sustainability Reporting Standards. Increasing assurance requirements are also intensifying scrutiny on ESG data quality, traceability, and governance, driving demand for unified sustainability data infrastructure instead of fragmented reporting tools.

“Today, most companies collect the same data repeatedly, from the same sources, without reusing or connecting it across teams, projects, or decisions. That fragmented approach doesn’t scale and doesn’t generate real value. We’re building a different model, a workspace that connects data, people, and projects so ESG information becomes a real lever for revenue, management and decision-making,” noted Mestre.

ESG-X was co-founded by software engineer Paolo Mazza, former Tesla business development executive Valentin Aman and ESG consultant Jean Bauer. Launched through the Antler accelerator, ESG-X provides an ESG management platform focused on AI-powered sustainability reporting aligned with CSRD and VSME standards.

“From the beginning, ESG-X was built to help companies manage ESG data in a way that is accurate, scalable and future-proof. This acquisition by Dcycle allows us to take that mission much further, combining our technology with a platform that has the scale, ambition and operational maturity to define the next phase of ESG data management in Europe,” said Paolo Mazza, co-founder of ESG-X.

ESG-X states that its infrastructure is fully hosted in certified German data centres and complies with security, data protection, and GDPR requirements. The company adds that its AI technology is entirely developed in Europe in line with the European AI Act. ESG-X is recognised for proprietary AI models that automate materiality assessments and map existing company data to ESG requirements.

ESG-X serves mid-market companies across the DACH region from offices in Munich and Düsseldorf. Dcycle identifies Germany as a strategic market due to its advanced and demanding ESG management landscape. The ESG-X team brings strong expertise in regional regulatory frameworks and operational requirements and its three founders will join Dcycle to support further expansion across DACH.

The acquisition enhances Dcycle’s platform with improved image recognition for fuel and energy consumption tracking AI driven double materiality assessments aligned with CSRD EcoVadis rating optimisation automated ESRS reporting using European AI Act-compliant technology and local data residency within certified German data centres.

“The combination of structured data, artificial intelligence, and an integrated platform is the model that will inevitably dominate the non-financial data market in the coming years. Our acquisition of ESG-X is a decisive step toward leading that transition in Europe,”
added Mestre.

Dcycle supports more than 2,000 clients across Europe and states it is the only software in Spain certified by TÜV Rheinland for ISO 14064 carbon footprint calculations. In December 2024 the company secured €6 million in a Series A round led by Samaipata. To date, Dcycle has raised over €10 million from investors including Samaipata, Ship2B Ventures, Sabadell Venture Capital, Draper B1, and Angels Capital.

About Dcycle

Dcycle is a sustainability platform that centralises ESG data, projects, and teams into one workspace, enabling businesses to manage non-financial information efficiently and drive smarter, more effective sustainability performance.

About ESG-X

ESG-X provides an AI-powered ESG management platform that automates non-financial data collection, analysis and reporting, helping businesses optimise ESG performance, reduce costs and streamline sustainability compliance through intelligent automation.