Dataphoria, emerging as Greece’s first Analytics-as-a-Service solution dedicated to sustainability, has successfully wrapped up its first funding round, securing €225k. The funding was led by Investing For Purpose, a key initiative devoted to promoting impact investing, with the participation of Angel Investors and companies from the Investing For Purpose community.
Dataphoria supports Corporates and SMEs to develop their ESG strategy and present to them continuous, real-time performance insights. They support their customers by streamlining data for accurate and consistent sustainability reporting. This funding boosts Dataphoria’s trajectory, propelling its sustainability and software development endeavors, while ensuring its growth demands are met. The collaboration solidifies Dataphoria’s commitment to elevating ESG analytics across Europe and the UK.
Investing For Purpose’s involvement with Dataphoria isn’t just about the money. They have provided invaluable strategic counsel and business advice to Dataphoria during the lead-up to this round. The collaboration is poised to deepen, with ongoing advisory roles and networking opportunities, linking Dataphoria with influential industry allies. On top of that, both entities have jointly fine-tuned the critical impact KPIs and metrics that Dataphoria is set to champion.
With this funding under its belt, Dataphoria is on track to scale its team, sharpen its technological edge, and establish a more dominant presence in the European and UK sustainability analytics scene. Given the success of the funding, Dataphoria has retained the option to increase this round by up to a further €100k over the next few months.
In a joint statement, co-founders Anastasis and Fenya shared, “Beyond the financial aspect, this investment embodies our collective aspiration for a tech-driven, sustainable tomorrow. Our alliance with Investing For Purpose and its community of Investors lights the path ahead, and we’re raring to make strides in the tech-for-good space.”
Anne Nijenhuis, Partner at Investing For Purpose, added: “We are delighted that our close cooperation with Dataphoria resulted in the successful completion of our common goal. Access to growth funding is one of the key challenges facing early-stage companies. It is important for us to note the gradual progress being made in particular in the funding of companies with a clear positive impact on the environment and society.”