WeSustain, a Buxtehude, Germany-based provider of Enterprise Sustainability Management software, raised €4m in Series B funding.
Backers included existing investors High-Tech Gründerfonds (HTGF), Mittelständische Beteiligungsgesellschaft Niedersachsen (MBG) and KfW and new investor VNT Management.
The company intends to use the funds to strengthening market development and sales organization.
Led by Dr. Manfred Heil, CEO, WeSustain provides cloud-based Enterprise Sustainability Management software , which enables more than 200 companies (including Daimler, Allianz and Commerzbank) to publish efficient reporting processes and compliant reports including environmental data (e.g. carbon emissions, energy usage, waste, recycling quota) and data related to the social performance (e.g. human rights violations, supply chain transparency, employee satisfaction).
The company, which has three sites and representations in all major European markets, signed (in 2013) a strategic partnership with Deutsche Telekom which encompasses the re-selling and support of WeSustain’s software by Deutsche Telekom.