Fintech Datia raises £2.7m for aim to simplify investors’ transition to sustainable finance

Juan Manuel Serruya and Manne Larsson, Founders of Datia

Datia, a fintech company on a mission to simplify investors’ transition to sustainable finance, has announced that it has raised $3.4m (£2.7m) in a Seed funding round led by pan-European venture capital firm Nauta Capital, with participation from Accel Starter Ramzi Rizk, Zenloop’s Founder Paul Schwarzenholz, Söderberg & Partners and Sting.

Datia’s platform performs sustainability calculations for hundreds of data points like carbon footprint, gender pay gap and energy usage on companies and funds. The company works with asset managers, wealth advisors, and platforms, allowing for measuring the impact of portfolios, regulatory reporting, and screening. Datia’s platform features hundreds of data points for over 600,000 financial instruments and 200,000 funds.

Since the launch of its platform in 2020, Datia has onboarded an impressive roster of clients including Spiltan Fonder, Alcur Fonder and Atlant Fonder, bringing their assets under management to over $100 billion (£81.9 billion).

Listed as one of SiftedEU’s Swedish companies to watch in the green fintech space, the funding will support its plans of scaling across Europe, hiring key talent, expanding its efforts to include wealth advisors and neo-bankers. It will also help to accelerate research and development of its ESG tools and sustainability data.

Juan Manuel Serruya, Founder and CEO of Datia, comments: “Our purpose is to support investors in their sustainability work, old-school ESG ratings aren’t enough anymore. Increasingly the challenge is integrating real, hard data into the investment process, complying with rapidly changing regulations and client demands for sustainability.

“Investors face challenges collecting hundreds of ESG data points, incorporating them into their investment process and complying with complex regulatory client demands. Datia is an investor-first solution for that.”

The global ESG reporting market is growing rapidly and is expected to grow at a CAGR of 17% to reach $16 billion (£13.1 billion) by 2027. At the same time, the number of sustainable finance regulations and policy interventions is also accelerating, putting pressure on investors to meet market and regulatory demands.

Guillem Sague, Berlin-based Nauta Capital Partner and recently appointed Datia board member, adds: “ESG can have a positive effect on the financial performance and reduce overall risk. Datia’s ability to help the investor with ESG data means less of a headache and more transparent analysis. Ultimately, it brings the investor forward into the future of sustainable finance.”