Large investment of €12 million in climate technology: Tanso aims to secure dominance in the European market
Tanso Technologies Secures €12 Million Series A Funding for Environmental Compliance Platform Expansion
Tanso Technologies, a Munich-based Climate-Tech startup, has recently closed a €12 million Series A funding round led by Dutch VC firm henQ and Belgian B2B SaaS investor Fortino Capital. The funding will be utilised to expand the company's environmental compliance platform, specifically catering to industrial manufacturers, and enhance ESG (Environmental, Social, and Governance) compliance and decarbonization capabilities globally.
Following this funding, Tanso plans to expand its team to support growth and international expansion. The company also aims to extend its ESG software platform, adding new modules that support comprehensive environmental management, real-time data analytics, and compliance automation across supply chains.
The new modules will enable manufacturers to better plan, monitor, and manage decarbonization projects and sustainability initiatives in alignment with new regulations such as the EU Corporate Sustainability Reporting Directive (CSRD).
While specific AI-driven features are not explicitly detailed, Tanso’s platform functions as a cloud-based data management and analytics tool that integrates with enterprise systems to provide real-time insights. This AI-enabled analytics capability supports decision-making around sustainability efforts.
The founders of Tanso, Till Wiechmann, Gyri Reiersen, and Lorenz Hetzel, studied together at TU Munich and were part of the Center for Digital Technology & Management (CDTM). The startup, which was founded in August 2021, has already raised 1.6 million euros in pre-seed capital just one month after its founding in September 2021.
Tanso's platform helps companies calculate and reduce their CO2 emissions, with some of its customers including Kärcher, Duravit, Paulaner, and Goldbeck. The startup targets industrial companies and the manufacturing SME sector with complex supply chains and internal barriers. As of now, Tanso claims to have over 300 customers in more than 40 countries.
Existing investors Capnamic and UVC Partners also increased their investments in this Series A round. With the fresh capital, Tanso plans to expand its team from the current 55 to over 100 employees.
References: [1] Tanso Technologies. (2023). Press Release: Tanso Technologies raises €12 million Series A funding to drive growth and expand its environmental compliance platform. Retrieved from https://www.tanso.tech/news/tanso-technologies-raises-12-million-series-a-funding-to-drive-growth-and-expand-its-environmental-compliance-platform
[2] Fortino Capital. (2023). Press Release: Fortino Capital leads Series A funding of Tanso Technologies to support its growth in the environmental compliance market. Retrieved from https://www.fortinocapital.com/news/fortino-capital-leads-series-a-funding-of-tanso-technologies-to-support-its-growth-in-the-environmental-compliance-market
[3] henQ. (2023). Press Release: henQ leads Series A funding of Tanso Technologies to support its growth and expansion in the environmental compliance market. Retrieved from https://henq.com/news/henq-leads-series-a-funding-of-tanso-technologies-to-support-its-growth-and-expansion-in-the-environmental-compliance-market
- The €12 million Series A funding secured by Tanso Technologies will be used to expand their environmental compliance platform, focusing on catering to the industrial sector and enhancing ESG compliance and decarbonization capabilities worldwide.
- As part of its growth strategy, Tanso plans to build a larger team to support international expansion and extend its ESG software platform, introducing new modules for comprehensive environmental management, real-time data analytics, and compliance automation across supply chains.
- In alignment with new regulations like the EU Corporate Sustainability Reporting Directive (CSRD), the new modules will enable manufacturers to better plan, monitor, and manage decarbonization projects and sustainability initiatives, strengthening their commitment to climate-change mitigation efforts within the industry.
