03 April 2024

Iceberg Data Lab secures $10mn in funding

Written By FinTech Alliance

Iceberg Data Lab secures $10mn in funding

Today announces the first close of its Series A at US$10mn (GBP £8mn).

In brief:

- These frameworks have strengthened rules and recommendations around environmental risk reporting, particularly the impact of investment portfolios on climate, nature, and biodiversity.

- Its biodiversity data solution, the Corporate Biodiversity Footprint is widely used and recognized as a market’s standard by the main financial institutions active in this thematic.

-The company is targeting a final close of its Series A at $11m. IDL were advised by Avolta, a leading European M&A and Fundraising Advisor in technology.

What does this mean?

Matthieu Maurin, CEO and Co-Founder of IDL said: "We are so proud to have achieved the first close of our second funding round at Iceberg Data Lab, which strengthens our position as an emerging leader in the global ESG data market. We are grateful to Beringea, MAIF Avenir, and AXA Investment Managers who have extensive experience investing in climate technologies, driving the sustainability agenda and successfully growing ambitious early-stage companies. The support of our investors will enable us to tailor and improve on our existing client solutions and pave the way for further expansion in the UK, Europe and beyond."

Read more here.

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