Proof of Impact (POI), a San Diego California-based next-generation platform for ESG and impact data intelligence, announced that it raised $6 million in pre-Series A funding.
Rakuten Capital led the round with first-time participation from a global suite of investors including Franklin Templeton Blockchain Fund, Five T, Blockrocket VC, and Advaita Capital.
Existing investors Franklin Templeton Advisors, CV VC, Working Capital Fund, Asiri, and Oxford Angel Fund also participated. This Pre-Series A round was substantially oversubscribed and was expanded from the initial $5 million target. The round closed less than eight months after POI's $2.3 million seed round.
The new funding will allow Proof of Impact 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.
Company: POI Technologies LLC
Round: pre-Series A
Funding Month: Aug 2022
Lead Investors: Rakuten Capital
Additional Investors: Franklin Templeton Blockchain Fund, Five T, Blockrocket VC, Advaita Capital, Franklin Templeton Advisors, CV VC, Working Capital Fund, Asiri, and Oxford Angel Fund
Company Website: https://proofofimpact.com/
Software Category: Data Intelligence
About the Company: Founded in 2019, Proof of Impact is a data intelligence company that offers access to digital tools that collect and analyze ESG and Impact Data. Proof of Impact's mission is to empower the transition to a more sustainable and purposeful world by linking ESG and impact data with strategic business performance. The company 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. Proof of Impact provides a greater purpose-driven economy with the ability to comprehensively view companies' past and predicted performance towards their social and environmental objectives — for transparent, continuous, and dynamic impact management at scale.