Dcycle funding news – Madrid-based Dcycle has Secured €6 Million in Series A Round Funding
Dec 12, 2024 | By Kailee Rainse
Dcycle, a Madrid-based startup focused on Environmental, Social, and Governance (ESG) data management, has raised €6 million in Series A funding.
SUMMARY
- Dcycle, a Madrid-based startup focused on Environmental, Social, and Governance (ESG) data management, has raised €6 million in Series A funding.
- Dcycle’s software organizes and manages companies' ESG data in one central place.
The round was led by Samaipata, with support from existing investors like Ship2B Ventures, Sabadell Venture Capital, Draper B1, Decelera Ventures, and Angels Capital.
Juanjo Mestre, CEO and Co-founder of Dcycle, said: “To create the best product for managing non-financial data —not just to meet reporting obligations — we need to bring together the best team, the best investors, and the best clients. This funding round represents another step in that direction. We are the Spanish leaders, and now it’s time to prove that a Spanish company can lead the European market.”
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Founded in 2020 and based in Madrid, it’s software platform focuses on improving ESG (Environmental, Social, and Governance) data management by treating sustainability as a data challenge.
The new funding will help Dcycle grow. The company plans to speed up its technology development, expand into key European markets like Germany, Italy, and the UK, and hire more employees. It has already partnered with companies like AWS, BBVA, and EDP.
It’s platform is the first in Europe to be certified by TÜV Rheinland, an international environmental certification. The company is well-positioned in a growing market, as around 70% of European companies are expected to use non-financial data management systems in the next five years.
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It aims to be a trusted partner for ESG managers, CFOs, and CTOs, providing solutions that go beyond meeting regulations to help with operational challenges. As ESG issues become more important in supply chains and business relationships, it’s solutions will help companies manage these challenges.
Luis Garay, Partner at Samaipata, commented: “Our investment in Dcycle reflects our commitment to supporting companies that leverage technology to solve operational challenges in fast-growing markets. Dcycle addresses a critical issue for businesses: managing non-financial data efficiently in an increasingly regulated environment. At Samaipata, we are excited to support Dcycle as it continues its journey to becoming the go-to ESG partner for European companies.”
About Dcycle
Dcycle’s software organizes and manages companies' ESG data in one central place. This helps businesses track, improve, and report their impacts, including things like carbon footprints, environmental effects, and compliance with ESG regulations.
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