YvesBlue, a NYC-based provider of automated ESG and impact reporting for asset management and wealth management firms. closed a $2M seed round of venture financing.
The round was led by Illuminate Financial Management with participation from SixThirty, Tribeca Early Stage, and other strategic investors including George Fox, the CEO and founder of Titan Advisors. In conjunction with the funding, Mark Beeston, Founder and Managing Partner at Illuminate Financial Management will join the board of the company.
The new capital will be directed towards further technology development and customer growth.
Founded by Anna-Marie Wascher and Michael T. Smith and incubated within Flat World Partners, YvesBlue offers analytics and reporting across asset classes, including public equity, fixed income and private equity. It allows teams to integrate their own data assessments and centralize ESG work, layering on models and front-end reporting solutions.
The company has partnered with ESG data providers such as Truvalue Labs to offer data analytics integration and cross asset class ESG and impact coverage and reporting. Their current solution enables wealth managers, asset managers, and their clients to analyze ESG risks and opportunities in the market as well as provide instantaneous impact and ESG reports on and transparency into their portfolios.