Actual, a San Francisco, CA-based ESG Transformation Platform designed to help companies embed sustainability into their business models, and meet net-zero and corporate pledges, raised $5 million in Seed funding.
Backers included Buckley Ventures, Hyper, Wndrco, Sequoia Scout, Signalfire Scout, Craft Scout, and Global Founders Capital.
Company: Actual Systems, Inc.
Round: Seed Round
Funding Month: February 2022
Lead Investors: Buckley Ventures, Hyper, Wndrco, Sequoia Scout, Signalfire Scout, Craft Scout, and Global Founders Capital
Company Website: https://www.actualhq.com/
Software Category: ESG Transformation Platform
About the Company: Co-founded by the three-time founder and ex-CEO of Heighten (acquired by Microsoft/LinkedIn), Rajesh Chandran, former co-founder of Coin (acquired by Fitbit) and Altiscope (now known as Airbus UTM) Karthik Balakrishnan, Ph.D., and former LinkedIn software engineer and Rhodes Scholar, Derek Lyons, Ph.D., Actual provide a platform that serves corporations, governments, and change-making organizations, empowering them to plan actionable sustainability initiatives through data, simulation, and intuition. It remixes urban planning, game design, data visualization, and scientific planning to offer brands a simple way to model and execute environmental, social, and governance plans. In addition to working with companies and groups such as Giga, 2000W Smart Cities, and GAV, Actual most recently engaged in a joint partnership with regenerative wool fiber platform ZQRX to build ESG solutions with sustainability leaders such as Allbirds and VF Corporation.