Funding of 12 million garnered by ClimateTech Tanso
Tanso, a pioneering startup based in Munich, has secured a significant investment of €12 million in a Series A funding round. This round was led by henQ and Fortino Capital, with participation from existing investors Capnamic and UVC Partners.
The funding will be used to expand Tanso's team, venture into new markets, and develop additional product modules for supply chain, compliance, and risk management. The company's cloud-based platform focuses on environmental, social, and governance (ESG) compliance and carbon accounting, catering primarily to the manufacturing and industrial sectors.
Tanso's software aids companies in managing environmental data, ensuring compliance with EU regulations like the Corporate Sustainability Reporting Directive (CSRD), and implementing decarbonization projects using real-time analytics. Over 300 companies across 40+ countries already use Tanso's platform, including major players like Kärcher and Duravit.
This investment follows a series of strategic moves by Tanso. Prior to this round, investors such as Capnamic Ventures, UVC Partners, Picus Capital, Possible Ventures, and several business angels had invested over €5 million in the company. Notably, UVC Partners previously held around 20% in Tanso, and Capnamic was on board with around 18%.
The investment landscape in Europe is evolving, with early-stage investors like SIVentures playing a crucial role. SIVentures, launched in 2019, invests in emerging startups in the segments "energy, IT infrastructure, AI applications, and related sectors." In recent years, SIVentures has invested in around a dozen startups, including Enginsight, Mainteny, and mogenius.
The second fund of SIVentures will be twice as large as the first fund, with over 75% of the target volume of €30 million already reached. SIVentures has also achieved a successful exit with the Leipzig-based digital health company mementor, which was acquired by US medical device company Resmed in 2022.
The investment in Tanso is not the only recent move by henQ and Fortino Capital. henQ has previously invested in the parking management startup Wemolo in Germany, while Fortino Capital last invested in the restaurant software startup Sides.
The acquisition landscape is also active, with Rubicon, an IT solutions company in the e-government sector, acquiring the Vienna-based CMS company Gentics. This acquisition was made by Rubicon after Pride Capital Partners acquired a minority stake in Rubicon in 2023.
As part of the growing tech ecosystem, StartupLand is hosting its second event on November 5th. This event will feature talks from successful founders, insightful interviews, and pitches that inspire. Additionally, the Job Exchange of StartupLand offers job listings from startups and companies for those looking for a new challenge. More information about StartupLand and Tanso can be found by following the provided links.
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- The investment in Tanso, a Munich-based startup, will not only support expansion and product development but also propel advancements in environmental, social, and governance (ESG) compliance and carbon accounting, as the company's cloud-based platform primarily caters to the manufacturing and industrial sectors.
- As a player in the European investment landscape, SIVentures, which focuses on energy, IT infrastructure, artificial intelligence (AI) applications, and related sectors, looks forward to an active year following the successful exit with the digital health company mementor and the addition of Tanso to its portfolio.
- With the growing focus on technology, startup Tanso's Series A funding round, led by henQ and Fortino Capital, highlights the potential impact of technological solutions on climate change and environmental science, as the company's software aids companies in managing environmental data and ensuring compliance with regulations like the Corporate Sustainability Reporting Directive (CSRD).
