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HomeFunding Cologne-based Sunhat Secures €5 Million Extends Seed Funding

[Funding alert] Cologne-based Sunhat Secures €5 Million Extends Seed Funding

Cologne-based Sunhat secures €5 million extends seed funding through fresh capital from EnBW New Ventures and existing investors Capnamic Ventures, WEPA Ventures, and xdeck ventures.

Cologne-based Sunhat secures €5 million extends seed funding through fresh capital from EnBW New Ventures and existing investors Capnamic Ventures, WEPA Ventures, and xdeck ventures.

With the automation software already being used cross-industry by suppliers, retailers, manufacturing brands, and publicly traded corporations, Sunhat invests the new capital to support its rapid growth.

Read also – UK-based ExactTrak Secures £1Million in Funding

Companies are increasingly pressured to provide critical sustainability data for reporting, ratings, and customer inquiries, with demands rising for both qualitative and quantitative data.

Pascal Beckers, Principal at EnBW New Ventures said, “With 11,700 companies currently affected by reporting obligations, the number of indirectly affected suppliers and partners is already significantly higher. Eventually, all companies will be required to disclose their ESG data. With increasing requirements, a central system for the accurate transmission of this data is crucial,”.

Sunhat offers companies a flexible platform to map the multitude of sustainability requests, manage associated projects, and fulfill necessary tasks. Sunhat focuses on making the existing data dynamically usable for different needs, establishing the software solution as a crucial tool for users.

Lukas Vogt, Co-Founder and CEO at Sunhat said, “The transformation to more sustainability is at risk of failing before it has even begun. Sunhat aims to drive the transformation by automating processes with AI-powered technology and significantly increasing the productivity of companies in meeting diverse requirements,”.

About Sunhat

Sunhat is a software startup that helps companies provide sustainability data on demand. By reducing the operational workload required for processes such as preparing answers, reviewing evidence, and collecting data, the software empowers businesses to save valuable time and resources and focus on their essential responsibilities. Founded by Lukas Vogt (CEO), Alexander Behr (COO), and Ali Kamalizade (CTO), the company is headquartered in Cologne, Germany.

Read also – UK-based Xergy Secures £3.1Million in Series A Round Funding

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