Omnevue has successfully raised $3.1 million in seed funding to support the development and expansion of its ESG accounting platform.
The funding round was led by venture capital firms Elbow Beach Capital and Pi Labs, with participation from Zone2boost, an open innovation program and investor created by CaixaBank, Global Payments, and Ingenico, along with several angel investors.
Omnevue, founded by entrepreneur Daniel Jeczmien and Dr Marc Lepere in April 2021, offers a pioneering solution that enables companies to generate comprehensive ESG reports aligned with international accounting standards. The platform connects to a company’s financial, HR, and other data sources, collecting and analyzing the information to create detailed reports covering various non-financial metrics such as carbon emissions, water usage, and gender pay gap, among others. Its user-friendly interface and digital accessibility aim to position Omnevue as the ‘QuickBooks for ESG.’
Since its launch, Omnevue has already onboarded hundreds of companies onto its platform, including LendInvest, Goodlord, Zeelo, Packhelp, and members of the British Vehicle Rental and Leasing Association (BVRLA). The platform has gained popularity among top 100 UK accounting firms, empowering them to offer non-financial accounting services to their clients, from compliance to value-add advisory services, generating new opportunities and sustainable revenue.
With the International Sustainability Standards Board (ISSB) expected to unveil new corporate reporting frameworks this month, the demand for non-financial reports is rapidly increasing. Corporate clients, suppliers, lenders, investors, and independent ESG assessors are now requesting detailed ESG data from SMEs. In response to the growing need for reliable ESG reporting tools, Omnevue aims to provide a trusted solution that complies with international accounting standards, helping businesses position themselves as sustainable and transparent.
Addressing the need for accurate CO2e (carbon dioxide equivalent) estimation, Omnevue plans to launch ‘VueCO2e,’ a fully automated, real-time business CO2e estimator tool. By securely connecting their bank accounts, UK and EU businesses will be able to monitor and report their CO2e impacts. The service will be available for less than £5 per month, providing an affordable and efficient solution for businesses looking to measure and mitigate their carbon footprint.
Commenting on the funding round and the company’s vision, Omnevue founder and CEO Daniel Jeczmien said, “Our vision is for Omnevue to become the go-to ‘credit bureau’ for non-financial and ESG data for the private sector. Until now, ESG data has not been as highly prioritised as financial data – but with more stringent regulation on the horizon, companies need a trusted solution to report on critical non-financial data in a way that complies with international accounting standards. Integrated Accounting, the dual reporting of financial and non-financial data, is set to become the new accounting norm – and Omnevue’s platform and team of chartered accountants leverage cutting-edge technology to deliver accurate ESG performance data in a fully compliant way.”
With the successful seed funding round, Omnevue is well-positioned to further enhance its ESG accounting platform and expand its customer base. The company’s commitment to providing reliable and compliant ESG reporting solutions aligns with the increasing focus on sustainability and transparency in the corporate world.
As a seed funding round, this marks the first significant investment received by Omnevue. The company aims to leverage this funding to accelerate its growth and enhance its ESG accounting platform.
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