forward earth, a Berlin, Germany-based AI-powered environmental software company, raised EUR 3.2M in funding.
The round was led by Speedinvest, along with Revent, Lucid Capital, Anna Alex and Benedikt Franke. In addition to the EUR2M pre-seed funding from private investors, forward earth has also raised EUR1.2 M in funding from the European Union (EFRE).
The company intends to use the funds to enhance its AI-powered technology and expand across North America, Europe, and Asia.
Led by CEO and founder Dr. Micha Schildmann, CTO Cari Davidson and CPO Giuseppe Gentile, forward earth provides AI-automated environmental management software to enable a complete overview of compliance, risk management, and supply chain data for businesses globally. Its AI-powered environmental management tool integrates into existing software providers to help businesses generate all necessary environmental data inside of their existing business software for compliance, risk, or supply chain management. The resulting reports cover all relevant regulatory requirements for customers, including the EU’s newly established Corporate Sustainability Reporting Directive (CSRD), Corporate Sustainability Due Diligence Directive (CSDDD), and Cross Border Adjustment Mechanism (CBAM), as well as upcoming US regulation recently approved by the U.S. Securities and Exchange Commission (SEC).
The company has already established strategic partnerships across North America, Europe, and Asia.
FinSMEs
19/06/2024