Sunhat, a Cologne, Germany-based software startup that helps companies provide sustainability data on demand, extended seed funding to €5 million.
SaaS Investors
The investment was from EnBW New Ventures, Capnamic Ventures, WEPA Ventures, and xdeck ventures.
EnBW New Ventures is the Venture Capital arm of EnBW Energie Baden-Württemberg based in Karlsruhe, Germany. Founded in 2015, the firm focuses on late seed, series A, and series B investments.
Founded in 2013, Capnamic Ventures is a venture capital investment firm based in Cologne, Germany. The firm seeks to invest in technology start-ups in Austria, Germany, and Switzerland.
WEPA Ventures is a corporate venture capital firm based in Arnsberg, Germany. The firm is a venture arm of WEPA Industrieholding. The firm focuses on B2C products and services in the hygiene segment as well as alternative raw materials and packaging solutions.
Founded in 2019, Xdeck is a venture capital firm based in Cologne, Germany. The firm also accelerates early-stage business-to-business tech startups from Europe. The firm prefers to invest in European business-to-business tech companies, active in process automation, applied big data, artificial intelligence, and sustainability tech.
Sunhat Use of Funds
The company will use the fresh capital to fuel its rapid expansion and will support technological advancements and team expansion.
About Sunhat
Founded in 2022 by Lukas Vogt, Alexander Behr, and Ali Kamalizade, Sunhat is a company that offers automation-focused software solutions that automate the processing of sustainability questionnaires and environmental, social, and governance (ESG) ratings for suppliers. The startup's automation software, utilized across various industries, aids in managing sustainability data. The company is headquartered in Cologne, Germany.
Funding Details
Company: Sunhat
Raised: €5.0M
Round: Seed Round Extension
Funding Month: February 2024
Investors: EnBW New Ventures, Capnamic Ventures, WEPA Ventures, and xdeck ventures
Company Website: https://www.getsunhat.com/
Software Category: Sustainability Request Automation Platform
Source: https://www.getsunhat.com/blog/driving-sustainability-transformation-in-businesses-seed-round-extension