MioTech, an AI platform empowering sustainable finance, has raised a Series A+ round which was led by Horizons Ventures.
Capital from the round will be used to hire more staff and invest into its R&D efforts. It will also look to deepen its data and technology capabilities and expand its presence from Hong Kong into Singapore and mainland China.
MioTech delivers environmental, social and governance (ESG) data, real-time risk monitoring, ESG ratings, indexes and research and consulting.
Last year, the company deployed its natural language processing and knowledge graph technology into the ESG and sustainable finance space. The solution mines environmental, social and governance data across 12,000 public sources and combines it with supply chain, shareholding, investments and other alternative datasets to help clients see their impact.
MioTech co-founder and CEO Jason Tu said, “The year 2020 will be a key milestone of ESG and Sustainable Finance in Asia. MioTech looks forward to working with both industry leaders and regulators to build the technology infrastructure, set up the evaluation standards and promote the investment ecosystem for Sustainable Finance in Asia.”
The world is increasingly putting more emphasis on ESG. Late last year, Hong Kong released new conclusions on ESG which will enhance disclosure requirements during 2020.
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