Money obtained by Tanso amounts to 12 million euros
Munich Startup Tanso Raises €12 Million for Global Expansion of ESG Software
Tanso, a Munich-based startup, has successfully completed a Series A financing round, securing €12 million in investment. This funding will propel Tanso's growth, positioning it as a key player in the rapidly expanding market for Environmental, Social, and Governance (ESG) software solutions.
Founded in 2021, Tanso offers a cloud-based software solution designed to help industrial manufacturers comply with evolving regulations and boost decarbonization efforts. The platform integrates with existing enterprise systems, enabling companies to manage environmental compliance, sustainability reporting, and decarbonization projects in real time.
With the fresh capital, Tanso plans to expand its operations beyond Germany, scaling its environmental compliance platform geographically to global markets. The focus of this expansion is on supply chain, compliance, and risk management solutions.
The funding will also support the development and enhancement of Tanso's platform. This includes strengthening ESG compliance features to meet stricter regulations and customer demands for sustainability reporting. Additionally, Tanso aims to develop new product modules to further enrich its offering.
The software solution offered by Tanso includes an integrated platform for carbon accounting and ESG data management. It is complemented by AI-supported data management and automated action recommendations, providing structured recording, precise calculation, and targeted optimization of sustainability metrics.
The Series A financing round was led by venture capital firms HenQ and Fortino Capital, with existing investors Capnamic and UVC Partners also participating. Tanso's customer base already spans over 300 companies across more than 40 countries, including notable names like Kärcher, Duravit, the Paulaner Group, and Goldbeck.
The demand for ESG software solutions is driven by both legal requirements and demands from major customers in the automotive, chemical, and food industries. These customers require transparent decarbonization measures and regular reporting from their suppliers. An example of such a regulatory requirement is the Corporate Sustainability Reporting Directive (CSRD) at the EU level.
With this investment, Tanso aims to grow its team to support product innovation and international market expansion. The startup, with its sights set on global ambitions, continues to make strides in the ESG tech market, helping industrial manufacturers navigate the complex landscape of environmental compliance and sustainability reporting.
- Given the successful Series A financing round, Tanso, an environmental-science focused startup based in Munich, aims to leverage its €12 million investment for the advancement of technology in its ESG software, particularly in strengthening ESG compliance features, developing new product modules, and scaling its operations to global markets.
- In the realm of business and finance, industrial manufacturers are increasingly integrating technology solutions like Tanso's ESG software into their operations to comply with environmental regulations, manage sustainability, and optimize decarbonization efforts, as demand for such solutions is driven by both legal requirements and the demands from major clients in sectors like automotive, chemical, and food.
