Clarity AI, a Spanish FinTech that helps measure ESG through AI, has raised $15mn.
In Brief:
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The funding round was led by Deutsche Börse.
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Machine learning and big data are used by Clarity AI to help investors understand the impact of their portfolios.
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The business is based in the US, UK and Spain and has clients with over $3trn AUM.
What does this mean?
Increasingly investors are seeking to understand exactly where their money is being invested, and whether this aligns with their ethical views or makes an impact on the world. Clarity AI says that so far data on this has been fragmented and by making it clearer people can be educated to make their own decisions.
