Zurich – Climate tech start-up Pelt8 has raised CHF 0.5 million from investors in an early funding round. The round was led by investors from the Zurich-based Swiss ICT Investor Club along with entrepreneurs Ralph Mogicato, Andreas Bezner and others.
The sustainability platform Pelt8 has received CHF 500,000 from investors in a pre-seed funding round. The round was led by investors from the Zurich-based Swiss ICT Investor Club (SICTIC) together with entrepreneurs Ralph Mogicato, Andreas Bezner and others, according to a media release.
According to the statement, the startup, which was founded in Zurich in 2021, automates the sustainability reporting of companies with its platform. It does this by helping them set up efficient and verifiable processes to collect the data needed to meet the growing transparency demands of new regulations and reporting requirements.
Until now, most companies have recorded their sustainability performance only once a year in an elaborate process. Sometimes hundreds of people are involved in this process, collecting data via e-mails and spreadsheets. This process is resource intensive, prone to error and prevents companies from effectively and accurately evaluating their actions, according to the media release. Therefore, Pelt8's vision is to build a cohesive sustainability technology ecosystem with data management at its core. The aim is to make sustainability reporting easier on the one hand, and to give it a higher profile within companies on the other.
"We see an urgent need for tens of thousands of companies to put their sustainability reporting on an equal footing with their financial reporting," Julian Osborne, founder and CEO, is quoted as saying in the media release. Companies should "move away from reporting for reporting's sake" and instead commit to measurable measures. ko/Café Europe