TruValue Labs, a San Francisco, CA-based provider of an artificial intelligence (AI) driven environmental, social, and governance (ESG) data platform, closed $13.6m in Series A funding.
The round was led by Katalyst Ventures, with participation from the Hearst Financial Venture Fund, The Entrepreneurs’ Fund, Sun Hung Kai Strategic Capital Limited, as well as industry leaders William Campbell, former Chairman of JPM Chase Card Services, CEO at Citibank Global Consumer; and Tom Chavez, former CEO and Co-Founder at Krux Inc., a Salesforce Company.
The company intends to use the funds to continue to expand its client base and accelerate the development of predictive capabilities that uncover additional sources of alpha.
Led by Hendrik Bartel, CEO and co-founder, TruValue Labs applies artificial intelligence (AI) to uncover timely and material Environmental, Social, and Governance (ESG) information at scale. Its TVL InsightEngine processes vast amounts of unstructured data and extracts material factors that impact financial assets in real-time.
The company will now focus on accelerating InsightEngine’s risk-assessment capabilities, as well as cultivating new proprietary risk factors developed in partnership with asset managers and asset owners.