a year ago

Iceberg Data Lab Raises $10M Series A to Expand ESG Data Solutions

  • Iceberg Data Lab, a climate data startup, has raised $10 million in the first close of its Series A funding round

  • The funding will be used to expand the company's global presence, develop its product pipeline, and invest in new technologies

  • The round was led by Beringea, with participation from MAIF Avenir, AXA Investment Managers, and other existing investors

  • Iceberg Data Lab's platform helps financial institutions measure and monitor environmental metrics, including carbon footprint, biodiversity impact, and science-based targets

  • The company's data solutions are used by over 50 major financial institutions worldwide.

      • ProblemTechnology Infrastructure

      "Financial institutions are struggling to keep up with the growing number of environmental regulations, like the EU’s Corporate Sustainability Reporting Directive (CSRD), EU Deforestation Regulation (EUDR), and the Taskforce on Nature-related Financial Disclosures (TNFD). These regulations make it difficult for institutions to accurately measure and report on the environmental impact of their investments. "

      Solution

      "Iceberg Data Lab provides a platform that helps financial institutions measure and monitor their environmental impact. They offer a suite of environmental metrics, including carbon footprint, science-based alignment, biodiversity footprint, and green scores. This helps institutions comply with regulations, report on their environmental impact, and launch new products, like biodiversity-focused ETFs. "

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