[Funding alert] Amsterdam-based Sirius Secures €1.2 Million in Pre-Seed Funding

Thursday 25, 2024 | By Startup Rise EU

Amsterdam-based Sirius secures €1.2 million in pre-seed funding from Fund F, BlackWood, WEPA Ventures, Techstars, and a few angel investors. With the new funding, Sirius plans to revolutionise the mining and metals industry, infusing vitality into a historically "unsexy" field.

Amsterdam-based Sirius secures €1.2 million in pre-seed funding from Fund F, BlackWood, WEPA Ventures, Techstars, and a few angel investors. With the new funding, Sirius plans to revolutionise the mining and metals industry, infusing vitality into a historically "unsexy" field.

Read also - London-based OpenDialog Secures over €7 Million in Series A Round Funding

The launch of their AI "sustainability twin," which aims to streamline and cut down on time spent on sustainability data administration by 80%, is also accelerated by this investment. The metal industry, which is crucial to the green economy, is embracing this momentous shift as a result of growing stakeholder demand.

Anastasia Kuskova, CEO and co-founder of Sirius, said: “This product grows out of my personal frustration during my tenure as a Sustainability Officer. In the complex industries like metals, mining, and manufacturing, sustainability professionals lack tools that are specifically tailored to us. It’s a huge underserved space, powering the energy transition and desperately yearning for change. So, we decided to be this change, bringing a new wave of cool and effective solutions to our forward-looking clients”.

Metal output must rise sixfold to sustain the green economy, particularly for lithium, cobalt, and nickel, which are key components of the low-carbon economy. In addition, the industry faces ethical, social, and environmental issues and accounts for about 12% of world CO2 emissions.

Read also - Berlin-based Packmatic Secures €15 Million in Series A Round Funding

Nina Wöss, Managing Partner, Fund F said, “We knew from our first interaction that Anastasia and the team are dreaming big. We couldn’t have found a better founder-market fit at this early stage. It was clear that Sirius is an essential- must-have solution to support the transition to a low carbon world,”.

Martin Olczyk, Managing Director of Techstars said, “We are thrilled to invest in Sirius for a second time. The team’s performance during our three-month accelerator program, and its impressive trajectory thereafter, truly stand out. They’ve not only made significant progress but also won global champions as customers. What sets Sirius apart is their deep industry knowledge and their development of a unique, forward-thinking product that fills a significant gap in the market. They are addressing a massive and escalating problem, and we firmly believe that they are the best team with the best product to tackle it. Sirius is not just a company; it’s a game-changer in its field,”.

Carl-Luis Rieger, Managing Director of WEPA Ventures said, “Being a Chief Sustainability Officer (CSO) at an industrial company nowadays comes with great opportunities and, at the same time, an even bigger responsibility. We believe the Sirius team and their state-of-the-art product offering are at the forefront of reshaping how CSOs drive value and enable them to focus on what really matters in today’s transformation towards robust sustainability in all facets of a company. Therefore, we are sure that Sirius will be a key pillar in the sustainability enterprise software stack,”.

Bastian R. Larsen, CEO of BlackWood Ventures said, “Sirius echoes our own commitment to innovation with purpose. Anastasia Kuskova and the team at Sirius have not just identified a gap in the sustainability space—they’ve stepped up to fill it with a tailored solution that speaks directly to the core needs of this ‘hard-to-abate’ industry. We are incredibly happy to be a part of it,”.

About Sirius

The green economy depends on metals, and sustainability leaders in this industry require software designed specifically for their particular set of problems. Sirius fulfils that exact need. Their seasoned staff has created solutions for some of the most cutting-edge businesses in the world. They are specialists in advanced computing, sustainability, mining, and metals.

Read also - London-based Metris Energy Secures €2.3 Million in Pre-Seed Funding

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