Funding Round attributes
ESG now is a Brazilian startup founded in 2021 by Elias Neto, Othavio Laube, and Rafael Correa, focused on transforming the analysis of ESG (environmental, social, and governance) data into a more transparent and accessible process. Its platform uses advanced technology to monitor the compliance of companies with ESG criteria, facilitating organizations reporting and improvement in these areas. In its last investment round, the startup raised approximately $310,000 from investors DOMO.VC , Sicredi Comunitá, Ventiur and Angels Wallet.
With this new funding, ESG now plans to invest in the development of new functionalities for its platform, optimizing the ability to analyze ESG data to facilitate better decision-making. They are also expected to expand their operations and improve the user experience of companies using their system to meet stricter environmental and social regulations.
Investors have highlighted the importance of ESG now’s mission in a market where corporate responsibility is gaining relevance. The startup’s focus on providing in-depth and accessible analysis of ESG data is crucial not only to compliance but also to improving the reputation of companies seeking to be more sustainable and socially responsible.
ESG now uses big data and artificial intelligence techniques to analyze a large amount of information from various sources. This allows them to provide detailed reports on their clients' ESG performance. It aims to democratize access to sustainability data, allowing both large corporations and small businesses to identify areas for improvement.
The company offers subscription plans (SaaS), which vary depending on the size of customers. ESG now has 130 customers, including Arezzo&Co, Sicredi and Farmax. The SaaS startup expects revenues of $450,000 by 2024.
The financial support obtained will develop data automation tools and explore generative AI projects. The cloud-based platform helps companies manage ESG commitments and track key metrics such as energy consumption, waste generation, and workforce diversity. In the long term, this investment will help strengthen companies' commitment to sustainability, positively impacting the Brazilian market and fostering a more responsible business environment.
In summary, ESG Now guides companies of all sizes and segments towards environmental, social, and governance compliance, as well as alignment with global best practices for corporate sustainability. The platform concentrates all the functionalities necessary for an ESG 360o strategy, making your business management more agile, efficient, and integrated.
