Forward31 | by Porsche Digital’s Post

🚀 Exciting News from Daato! 🌱 We are thrilled to announce that Daato has successfully completed the closing of seed round funding amounting to €5 million! This milestone was achieved with the lead from kopa ventures (formerly Wi Venture), in partnership with neosfer and IBB Ventures, marking a pivotal moment in our journey towards redefining ESG management for businesses everywhere. 🌟 Why This Matters? As we navigate the complexities of Environmental, Social, and Governance (ESG) compliance, Daato's software platform stands out with its innovative approach, offering an all-in-one solution that aligns with all major EU ESG reporting frameworks. Our goal is to make ESG management efficient, compliant, and insightful, empowering businesses to drive towards a sustainable future. 💼 A Year of Impressive Growth Our journey over the past year has been remarkable, with over a million in sales and the establishment of key customer partnerships throughout the EU. This funding round not only validates our vision but sets the stage for accelerated growth and innovation. 🌍 The Future Looks Bright With the recent EU Corporate Sustainability Reporting Directive (CSRD) bringing new reporting requirements for around 60,000 companies, Daato offers an essential toolkit for navigating these challenges, making ESG metrics accessible and actionable for corporations and SMEs alike. 🛠️ What's Next? The investment will fuel further enhancements to our platform's #automation capabilities and accelerate our #marketexpansion . Our goal is to alleviate the operational burdens of #esgcompliance , reinforcing Daato's position as a key partner in our customers' journey towards sustainability excellence. 🙏 A Word of Thanks We want to extend our heartfelt thanks to our customers & partners for their invaluable trust in us, to our investors & advisors for their support, and the entire Daato team, whose dedication and innovation continue to drive us forward. We are stoked to embark on this exciting phase of growth together! Check out our full announcement here -> https://lnkd.in/dn4hxqQX #Daato #esg #sustainability #startupfunding #innovation #berlinstartups #enterprisesoftware Anahita Thoms Dr. Kiri Trier Markus Löning Dr. Claus Beckenhaub Luis Sperr Benjamin Wochner Marlon Müller Clemens Kabel Cindy Adrienne Beckel Satya Kamal Raparthi Thilo Hitz

My colleague Harry Schiff and I were glad to open the HVCA–Portfolio Investment Conference 2023 in Budapest (https://lnkd.in/gcUAfJbu), where we discussed the findings of our research “Hard choices: How Europe’s fastest-growing start-ups become unicorns” (https://lnkd.in/diEjzPuF) on what differentiates the fastest-growing #scale-stage European #startups from their peers. The research aimed to distill a manifesto for European scaleups, including best-practice recipes and case studies to guide founders’ decision-making, resource allocation, and execution in pursuit of rapid, 10‒100x valuation growth. I’d like to highlight a few interesting, non-trivial insights:  ▪ The fastest-growing scaleups begin geo-expansion 2+ years later than slower growers. ▪ Acquisitions for territorial expansion are over 5x more likely to fail than acquisitions for product, people, or IP. ▪ A great seed-stage team isn’t always the best scale-stage team: 36% of the fastest growing scale-stage European startups replaced their Head of Product after the first scale round vs 21% of slower peers, and the pattern was similar for other top CXO roles. I’d like to thank the HVCA and portfolio.hu™ teams for inviting us. It was refreshing to meet and reconnect with many. Also for the co-authors of the Hard choices report: Kim Baroudy, Giacomo Dolci and Sid R.

Sifted has listed the fastest-growing startups in the Nordics, three of which we are proudly backing!   We are very excited to back and follow how Aira, Agreena, and H2 Green Steel are leading charge in their respective expanding sectors, with groundbreaking work in regenerative agriculture, heating solutions and steel production that is setting new industry standards. Read the full article in the link below.   Tatiana Shalalvand Charles Martin Anna Adlarson Elin Ashrafi Jessica Pedroni

Highlights from COREangels MEA investment Committee.. Our investment committee was held on July 3rd and it revealed a unique scoop of startups, Plain Tiger was one of them. Here are some key highlights from their pitch: Plain Tiger operates a B2B marketplace focused on connecting hotels with sustainable suppliers. Their platform addresses the need for hotels to meet sustainability commitments amidst increasing regulatory and consumer pressures. The company provides a streamlined procurement process, offering vetted sustainable products and data analytics to help hotels achieve their environmental goals. If you want to know more about Plain tiger and the other startups from our investment committee apply through this link https://lnkd.in/eAt4-n7m #COREangelsMEA #Angelinvesting #MEAregion

Earlier this October, we had the chance to interact with Spain's leading voices in the construction industry. Spanning from global companies to startups, the Spanish construction ecosystem is making waves on the world stage. With innovation at the forefront, companies like Ferrovial, ACCIONA and SACYR are are partnering with institutions and pioneering the future of sustainable infrastructure. Madrid is also emerging as a global center for venture investment in the AEC sector, with CEMEX Ventures and Zacua Ventures leading the way. Read our recent article that details key takeaways from these Global Innovators here: https://lnkd.in/gnZT_tXc #ConstructionInnovation #SpanishInnovation #GlobalLeadership

🗞 Thank you to Simon Thomsen and Startup Daily for covering our latest funding round. We appreciate the ongoing support from CSIRO VC fund Main Sequence, as well as the new backing from Sprint Ventures and AfterWork Ventures. 💬 In the article, Sprint Ventures investment analyst Tristan Latcham said Avarni is different from similar emissions startups because Avarni's prime focus is on supplier mobilisation, running counter to the prevailing norm of automated emissions data management. 💡 “Unlike competitors solely fixated on data automation, Avarni adopts a two-pronged strategy, also giving importance to involving and mobilising suppliers in the sustainability journey,” he said. ⚙ “This approach fills a gap in the market where others automate without actively engaging suppliers.” 📊 Latcham said the impact of those emissions can account for between 65% and 95% of a company’s total carbon footprint. 🤝 “So, it’s crucial for companies to get suppliers actively involved, not just watching from the sidelines but playing an active part,” he said. 🌏 “Avarni doesn’t just talk about measuring emissions; they push suppliers to actively cut them down, creating a ripple effect that makes sustainability efforts more impactful.” ⬇ Read the full article in the comments below ⬇ #carbonaccounting #climatetech #startupfunding

Fellows’ Impact on Investment - 2022/23 In 2022/23, Fellows directly invested NZ$114.8m across at least 146 NZ-based business organisations, more than five times the amount invested the previous year (NZ$21.2m). This increase highlights the sizeable impact Fellows are having on Aotearoa NZ's business landscape and innovation ecosystem. For example, Fellow Mark Pavlyukovskyy (NZVC fund) and venture partners, Vishal Chaddha and Rich Bodo, deployed NZ$7m, with $5m into 24 NZ companies. Their investment has helped propel forward Kiwi startups including Seachange (electric car ferries), Dotterel Technologies (audio technology), Pyper Vision (fog dispersal system) and chnnl App (employee wellbeing startup) – all of which are success stories on the local and global stage. For more examples of how EHF Fellows have created value for Aotearoa, visit our website. https://www.ehf.org/

♻️Innovative Greek businesses with circular economy solutions have a new €30.5M funding opportunity with the launch Sporos Platform. 💰The new pool of capital is managed by SPOROS Impact Ventures , an alternative investment management company based in Athens, with the backing of the Hellenic Development Bank of Investments and a diverse roster of 10 private investors from Greece and Europe. Read more about the new opportunity >> https://hubs.la/Q022dhpl0 #circulareconomy #greekstartups #greekinnovation

In the current environment, #scaling in a capital efficient manner is the key to success. Join us in #London to see how one of our companies Atoa is doing this. Registration required. Limited seats. https://lnkd.in/gXQGsE_k #capitalefficient #venturecapital #smoothscaling #fundraising #startups