Kausal, a Helsinki, Finland-based climate software company, raised €880,000 in seed funding.
SaaS Investors
The investment came from an investor consortium that includes Innovestor and Spanish impact fund Zubi Capital.
Innovestor is an investment company focusing on venture capital, commercial real estate, and corporate venturing. In addition, they run the accelerator program PALO. The firm manages four VC funds with over €220 million in total capital. Founded in 2016 and is based in Helsinki, Finland.
Founded in 2020, Zubi Capital is a is an investment manager specializing in asset management and forms part of the Zubi Group. Based in Madrid, Spain, the firm offers debt to small and middle-market companies. The firm caters to the commercial services, media, and restaurant sectors, among others.
Kausal Use of Funds
The company plans to expand its sales and marketing efforts in the DACH region and North America and to further develop its platform to support cities and governments of all sizes in their sustainability goals.
About Kausal
Founded in 2020 by co-founders Sonja-Maria Ignatius, Juha Yrjölä, Jouni Tuomisto, and Tero Tikkanen, Kausal provides local government with a software-as-a-service project management platform that helps local governments plan, track, and coordinate sustainability measures. Its mission is to build the world’s most powerful and easy-to-use tools for smart climate actions by enabling accuracy, accountability, and transparency.
Funding Details
Company: Kausal Oy
Raised: €880K
Round: Seed Round
Funding Month: October 2023
Lead Investors: Innovestor and Zubi Capital
Additional Investors:
Company Website: https://kausal.tech/
Software Category: Project Management Platform
Source: https://www.eu-startups.com/2023/10/helsinki-based-climate-tech-kausal-secures-e880k-to-help-cities-reach-their-sustainability-goals/