ESG and sustainability solutions developer Diginex has closed a $6 million Series A funding round. The new funding is expected to fuel further development of the company's blockchain-enabled SaaS products, as well as launch DiginexClimate, a tool that helps companies manage their carbon footprint. To date, the firm has raised a total of $8 million.
Diginext was founded in 2017 and has a global team of over 70 technology and impact specialists. The firm uses blockchain and AI technology to provide partner organisations with solutions that assist in making data-driven decisions, mitigate risk, and increase transparency.
The firm counts Microsoft, Coca-Cola, the US State Department, the World Economic Forum, and the United Nations amongst its client base, and its technology has been employed in supply chain management, labour rights, due diligence, and corporate environmental responsibility.
Diginex’s $6 million funding round was led by Fitch Ventures, the venture arm of Fitch Group.
“The ESG market continues to grow and innovate at a rapid pace but, with taxonomies still evolving, harmonization of standards remains a challenge. Diginex’s product platform is a significant market enabler for companies seeking to gather, manage and disclose ESG data and for investors seeking better quality consistent ESG information,” commented Global Head of Sustainable Finance at Fitch Ratings’ Andrew Steel.
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