Swiss climate tech startup secures CHF 500k pre-seed

Swiss climate tech startup secures CHF 500k pre-seed

Pelt8, a Swiss climate tech startup, has secured CHF 500,000 ($533,000) in its pre-seed funding round, which was led by SICTIC investors.

SICTIC (Swiss ICT Investor Club) is a non-profit association that connects investors with Swiss tech startups seeking seed and early-stage capital.

Among the investors was Stableton co-founder and CEO Andreas Bezner. The pre-seed round was backed by individuals from sustainability, technology and financial services.

Founded in 2021, Pelt8 enables climate action by implementing scalable processes and controls to collect sustainability-related data in an easy and auditable way. The platform supports international reporting standards, bespoke management reports and automates reporting.

Through Pelt8, clients can manage disclosures, collect clean data, and connect and share.

Pelt8 founder and CEO Julian Osborne said, “We are excited to work with investors who share our vision to build a cohesive sustainability-tech ecosystem with Pelt8’s data management at the centre.

“We see the imminent need for tens of thousands of companies to get their sustainability reporting on par with their financial reporting. This is an opportunity to help companies to move away from reporting for reporting’s sake and commit to measurable actions.”

In other ESG FinTech news, a report from Commerz Ventures found that climate FinTech investments reached a record high of $2.9bn, representing 2.4-times more capital than 2021.

This report also claimed that European climate FinTechs raised $1.7bn across 124 deals and US companies raised $1.1bn 49 deals.

Investment research firm MorningStar launched Morningstar Global Sustainable Activities Involvement Indexes. This is a new suite of benchmarks aimed at providing investors with exposure to firms with revenues aligned with specific UN Sustainable Development Goals across environmental and social themes.

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