Daato, a Berlin-based startup, raises €5 million in funding to drive ESG management advancement

Berlin-based Daato, a trailblazing ESG management platform, revealed that it has raised more than €5 million in a seed funding round.

Investment Impact:

The lead investors in the round were IBB Ventures and kopa ventures working with Neosfer. Daato’s goal to make ESG management effective, compliant, and informative for all businesses is made possible partly by this investment, representing a turning point in the company’s history.

The additional funding will go toward expanding the platform’s market reach and strengthening its automated features to take the lead in providing all-encompassing sustainability management. Further, Daato wants to strengthen its position as a significant partner in the pursuit of ESG excellence by reducing the operational difficulties associated with ESG compliance.

Satya Kamal Raparthi, CEO & Co-Founder of Daato, said:

“We are excited to have investors like kopa, Neosfer, and IBB Ventures on board as a startup in the exciting field of ESG; this attests to the quality of our product. This investment not only signifies support for our technology and vision but also ushers in a new age of rapid expansion and innovation for our business. As we continue to push the envelope of what’s possible in the ESG software area, the knowledge and network that kopa Ventures, neosfer, and IBB Ventures bring to the table are important.”

Having achieved over a million in sales and established numerous customer partnerships across the EU, Daato has experienced remarkable growth this year. Moreover, with its modular and highly standardized design, the platform boasts a unique “horizontal” approach that satisfies all EU ESG reporting regulations, positioning it as the most comprehensive solution for ESG compliance and sustainability management.

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Luis Sperr, managing partner of kopa ventures, said:

“Daato’s team persuaded us with its all-encompassing approach that will let corporates and SMEs track, document, and enhance their ESG-related contribution to a sustainable economy. The founders’ domain expertise and profound grasp of customer needs impressed us, evident in their early market success.”

ESG Management Impact:

In light of the current EU Corporate Sustainability Reporting Directive (CSRD) and the dynamic ESG industry, Daato’s capacity to assist both major enterprises and SMEs is especially noteworthy. With new ESG reporting rules affecting almost 60,000 EU enterprises, Daato offers a crucial tool to easily traverse these complexities. Moreover, Daato promotes more open and sustainable business practices among firms, including SMEs, by making ESG measurements easily obtainable and actionable. This helps to create a more environmentally and morally responsible business environment.

Anahita Thoms, a board advisor for Daato and a renowned authority on corporate sustainability, stated:

“Executives must embrace ESG management not only as a compliance checkbox but as a pillar of strategic vision in an era where sustainability and ethical governance define the frontier of business leadership. At the core of this initiative lies the fusion of state-of-the-art technology and a dedicated, innovative team, enabling enterprises to address the challenges associated with ESG responsibilities. This underscores why I support Daato, as its founders have consistently shown vision, commitment, and adaptability since inception.”

Image Credit: Daato