Proof of Impact (POI), a San Diego, CA-based platform for ESG and impact data intelligence, raised $6m in Pre-Series A funding.
The round was led by Rakuten Capital with participation from a global suite of investors including Franklin Templeton Blockchain Fund, Five T, Blockrocket VC and Advaita Capital, as well as existing investors Franklin Templeton Advisors, CV VC, Working Capital Fund, Asiri and Oxford Angel Fund. Proof of Impact will additionally add Oskar Mielczarek de la Miel from Rakuten and Gayatri Sarkar of Advaita Capital to its Board of Directors.
The company intends to use the funds to accelerate go-to-market efforts focused on private credit and private equity fund managers, expand its impact-linked finance solutions, and further extend its core product offering by incorporating blockchain-based innovations in the form of proprietary impact oracles.
Led by Fleur Heyns, CEO, Proof of Impact has created a product toolset that enables purpose-driven investors, asset managers, enterprises, consultants and other institutions to understand and fulfill their impact- and ESG-related objectives and progress — with the goal of tying verified impact to financial performance. The platform provides a digital platform to collect, verify, and visualize ESG and impact data in order to generate granular insights and contextual analysis, translating raw ESG & impact data into actionable intelligence. The company operates in more than 30 different industries, and its client base of over 100 companies has grown to span six continents.
FinSMEs
02/08/2022