Thursday, February 22, 2024
HomeFunding Polish Startup Envirly Raises €1.3 Million in Seed Funding

[Funding alert] Polish Startup Envirly Raises €1.3 Million in Seed Funding

Envirly, a Polish startup, secures €1.3 million in seed funding. In addition to the previous investor Aligo VC and four business angels, further investors include BNP Paribas Bank Poland and the investment vehicle Tangent Line Ventures.

Envirly, a Polish startup, secures €1.3 million in seed funding. In addition to the previous investor Aligo VC and four business angels, further investors include BNP Paribas Bank Poland and the investment vehicle Tangent Line Ventures.

Read also – Madrid-based Electric Mobility Velca Secures €5.3 Million in Series A Round Funding

One of the biggest seed investments in ESG compliance products in Central and Eastern Europe has occurred with this round. Envirly’s market credibility is greatly increased by its partnership with BNP Paribas Bank as an investor and strategic partner, highlighting the importance of the financial sector in attaining sustainable development.

Mateusz Masiak, CEO of Envirly said, “We are extremely pleased with the trust shown by investors and our clients. Our goal is to support organizations in their green transformation, bringing both economic and ecological benefits,”.

Jarosław Rot, Executive Director of Sustainable Development Area, BNP Paribas Bank Poland, commented: “Measuring and reducing carbon footprint is not only our duty to the environment and future generations but also a business necessity. Regulatory actions taken in recent years to reduce CO2 emissions make it an increasingly common obligation for companies. It translates into business competitiveness, further development, facilitates financing, and affects the image of enterprises. Until recently, this applied only to the largest companies, but soon it will become a necessity for smaller ones as well if they do not want to fall out of supply chains. Therefore, we perceive Envirly, which enables even companies unfamiliar with the process to easily calculate their carbon footprint, as an initiative with a huge future potential. As the Bank for a changing world, we are happy to support its development.”

Monika Borowiecka, Tangent Line Ventures, added: “As the lead investor in Envirly’s latest financing round, I am thrilled to have the opportunity to support the company in its mission to become a regional leader in ESG reporting. Envirly has tremendous potential to scale regionally and globally. Our investment is not just financial support; it is a strategic move that will allow Envirly to aggressively expand its operations and capture new markets. We are confident that our commitment will accelerate Envirly’s growth, strengthening their position as a leader in the ESG industry. We believe that our support will help Envirly further develop its advanced solutions, crucial for companies striving for sustainable development and transparency.”

Łukasz Mańkowski, Aligo VC, also added: “As an investor who has previously been involved in Envirly’s development, I am delighted to have the opportunity to support the company in its next growth stage. Seeing how Envirly strengthens its position as a leader in ESG reporting and carbon footprint management, I am convinced that our continued investment will contribute to further development and innovation in this crucial industry for the future. It’s inspiring that we can be part of this green transformation, supporting Envirly in shaping a sustainable future for all of us.”

About Envirly

Envirly, a 2020 startup, offers a revolutionary software as a service (SaaS) solution that helps businesses manage their environmental, social, and governance (ESG) and carbon footprints. It additionally assists with sustainable development and carbon footprint reporting compliance.

Read also – German Startup Unchained Robotics Secures €5.5 Million in Funding

Envirly reacts to future rules like Taxonomy, CBAM, SFRD, CSRD, and CSDD. The platform helps businesses with their decarbonization and green transformation by facilitating the collection of non-financial data and automating reporting.

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