Tanso Raises USD 1.9 Million Pre-seed Financing to Enable a low Carbon Economy

16.09.2021

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Overview

  • Tanso is a newly founded startup providing an end-to-end sustainability data management software to industrial companies
  • The team has received a pre-seed investment of USD 1.9 million led by UVC Partners, with participation from Picus Capital, Possible Ventures, and leading business angels
  • With the newly acquired funds, the team plans to expand its engineering, product, and data science teams in Munich

Tanso Technologies, the Munich-based sustainability tech startup announces the closing of its USD 1.9 million pre-seed financing round. The round was led by UVC Partners, a leading B2B technology investor with a strong focus on enterprise software, with participation from early-stage investors Picus Capital, Possible Ventures (formerly Inventures), and leading business angels.

With the IPCC report declaring “code red” for humanity, sustainability is no longer a “nice-to-have”. Companies across industries are overwhelmed by the increasing public, regulatory and supply chain pressure to make sustainability considerations central to their strategic decision-making. Shortages of natural resources, physical infrastructure risk, and limits on emissions require companies to fundamentally change in order to future-proof their business. The European Green Deal alone forces over 60,000 companies to account for their ESG data – both within the organisation as well as across the supply chain.

Tanso aims to tackle the most pressing issue of sustainability management: ensuring data availability as a first step in enabling the complex process of calculating and reporting environmental effects of physical goods. By building software for industrial manufacturers, it is helping one of the most emissions-heavy, yet highly underserved industries to reach net-zero and measure, manage as well as act upon their sustainability data while creating real business value.

The founders met during their studies at the University of Mannheim, the Center for Digital Management and Technology (CDTM) in Munich and ETH Zurich, where they have worked on assessing organizational climate impact.

„With Tanso, we want to leverage the power of data and machine learning to help industrial manufacturing companies transition towards a lower carbon economy and to efficiently handle the increasing pressure for accountability“, says Co-founder and CTO, Gyri Reiersen, who before founding Tanso researched tackling the overestimation of carbon offsets through deep learning with renowned AI-professor Xiaoxiang Zhu at TU Munich, together with ETH Zurich and MIT.

Fabian Sinn, Co-founder and CEO, adds: “We are a purpose-driven company, aiming to remove the structural barriers that hinder corporations to reach climate neutrality. We are supported by leading experts and advisors from the fields of ESG, (carbon) accounting and regulation which enables us to tackle climate change the right way. This funding allows us to strongly expand our product and engineering teams and we are looking to hire the best talent wanting to join our mission to a low carbon future.”

Voices of the Investors

“We are impressed by the founders and their vision to positively contribute to climate action with technology and we are excited and honored to partner with the team and to lead their pre-seed financing round. We look forward to supporting Tanso to become the global category leader in sustainability accounting for the industrial manufacturing sector.” says Alexander Kiltz, Principal at UVC Partners.

Robin Godenrath, Founding Partner and Managing Director at Picus Capital, adds: “We believe that every one of our investments should have a positive contribution to society, and Tanso does just that. We are looking forward to partnering with Tanso on their mission to enable the industrial sector to take the next step in sustainability accounting with a digital end-to-end solution”.

About Tanso Technologies

Founded in 2021, Tanso Technologies enables industrial companies to become part of the solution to a lower carbon economy. The Munich-based startup aims at making sustainability accounting as integrated, transparent and verifiable as financial accounting. Tanso’s end-to-end sustainability management platform enables industrial companies to actively leverage their data in taking positive climate action and creating real business value.

More information about Tanso can be found here: www.tanso.io.

We are hiring: https://www.tanso.io/careers/

Press Contact

Fabian Sinn

Co-Founder and CEO

press@tanso.io

About UVC Partners

UVC Partners is a Munich- and Berlin-based early-stage venture capital firm that invests in European technology-based startups in the areas of enterprise software, industrial technologies, and mobility. The fund typically invests between € 0.5 – 5m initially and up to € 20m in total per company. Portfolio companies benefit from the extensive investment and exit experience of the management team as well as from a unique corporate network which UVC Partners leverages for its portfolio companies. For further information please visit www.uvcpartners.com.

About Picus Capital

Picus Capital is an international, privately financed venture capital company headquartered in Munich and with offices in New York, Berlin, London and Beijing. Picus predominantly invests in pre-seed, seed and Series A rounds and focuses on technology companies in the real estate, finance and insurance, HR, renewable energy, mobility, e-commerce and healthcare sectors. As an entrepreneurial sparring partner, Picus pursues a long-term investment philosophy and supports founders from the ideation phase to the IPO and beyond. For further information please visit www.picuscap.com.