Swedish green fintech Datia secures €3.1M to accelerate adoption of sustainable finance

Datia, a Stockholm-based green fintech company, announced on Tuesday that it has secured $3.4M (approx €3.1M) in a Seed round of funding led by VC firm Nauta Capital. 

Accel Starter Ramzi Rizk, Zenloop’s founder Paul Schwarzenholz, Söderberg & Partners, and Sting also participated in the round. 

Datia says it will use the finance to expand its platform across Europe and hire key talents with plans to add wealth advisors and neo-bankers. The company will also use the funds to accelerate the research and development of its ESG tools and sustainability data.

Juan Manuel Serruya, Founder and CEO of Datia, says, “Our purpose is to support investors in their sustainability work, old-school ESG ratings aren’t enough anymore. Increasingly the challenge is integrating real, hard data into the investment process, complying with rapidly changing regulations and client demands for sustainability. Investors face challenges collecting hundreds of ESG data points, incorporating them into their investment process, and complying with complex regulatory client demands. Datia is an investor-first solution for that.”

Datia: What you need to know

Founded by Juan Manuel Serruya and Manne Larsson in 2019, Datia is a data platform for sustainable finance, working with financial institutions to automate their ESG (Environmental, Social, and Governance) workflows.

The platform performs sustainability calculations on hundreds of data points like carbon footprint, gender pay gap, and energy usage of companies and funds. 

Datia says it features hundreds of data points for over 600,000 financial instruments and 200,000 funds.

The company works with asset managers, wealth advisors, and platforms, allowing for measuring the impact of portfolios, regulatory reporting, and screening. 

Since its inception, Datia has onboarded multiple clients, including Spiltan Fonder, Alcur Fonder, and Atlant Fonder, bringing total assets under management to over $100B

The clients use Datia’s platform for ESG data collection & analysis, screen portfolios, model ESG preferences, and automate ESG, SFDR & EU Taxonomy reporting.

Investors

Based out of London, Nauta Capital is a pan-European venture capital firm investing in early-stage technology companies. The VC’s primary areas of interest include B2B SaaS solutions, vertically focused enterprise tech, and those leveraging deep-tech applications. 

Guillem Sague, Berlin-based Nauta Capital Partner and recently appointed Datia board member, says, “ESG can have a positive effect on the financial performance and reduce overall risk. Datia’s ability to help the investor with ESG data means less of a headache and more transparent analysis. Ultimately, it brings the investor forward into the future of sustainable finance.”