Proof of Impact, a San Diego, CA-based next-generation platform for ESG and impact data intelligence, raised $2.3M in seed funding.
The round was led by Altera Private and Chadd Evans with participation from new investors Working Capital Fund, Oxford Angels, and Blufolio, which joined existing investors such as Franklin Templeton, Ausum Ventures, and CV VC.
The new funding will allow the company to accelerate and enhance its core product offerings, and hire talent.
Led by Fleur Heyns, CEO, Proof of Impact provides a suite of digital products to collect, verify, and visualize ESG and Impact data to draw granular insights and intelligence. This year, the company expanded its client base, grew Annual Recurring Revenue (ARR) at a 40% monthly compounded rate, and increased their total contract values by 65x from the year prior. Proof of Impact also doubled its headcount to 15 employees, hiring across engineering, product, sales, and marketing.