MioTech, a trailblazer in sustainability data and software in Asia, announced a significant milestone in its journey. The company, renowned for its innovative approach to climate tech, has successfully completed a new round of financing, solidifying its position in the market.
Esteemed global venture capital firms such as ZhenFund, Horizons Ventures, TOM Group, Moody’s, HSBC, Guotai Junan International, GIC, and J.P. Morgan have all contributed to this latest injection of capital.
As a leader in the ESG and climate tech domain, MioTech’s operations are pivotal in shaping sustainable futures. The company harnesses the power of AI to provide an array of ESG and climate tools, aiding corporates and financial institutions in navigating the complex landscape of sustainability. Its unique offerings, powered by cutting-edge technology such as artificial intelligence, satellite imagery, and advanced financial modelling, enable clients to quantify portfolio risks effectively and adapt to evolving climate regulations.
The fresh influx of funds is earmarked for several strategic initiatives. Primarily, MioTech intends to use the capital to accelerate its path to profitability and deepen its market penetration across Asia.
MioTech’s Founder and CEO, Jason Tu, expressed his enthusiasm about the recent developments, “The ESG and climate market calls for innovation – especially in how businesses operate. We are excited to forge new alliances and are ready to fully execute on our shared vision in pursuit of a more sustainable future.”
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