ESG data management startup WeeFin has raised €25 million in a Series B funding round to help develop its SaaS platform for the financial services sector.
The Paris-based startup, which won last year’s Data Management Insight Euro Award for Best Data Management Initiative for ESG, said the capital injection was led by BlackFin Capital Partners, a European fintech fund, as well as existing investors IRIS, Asterion Ventures and Ring Capita.
WeeFin said the additional funds would also help it drive international expansion, including in the UK through its London office.
Formed in 2021, the company provides ESG data optimisation services to 40 customers that oversee a total of €6.9 trillion.
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