Financial success for Tanso: 12 million euros secured
Munich, Germany - The Munich-based startup Tanso has successfully closed a Series A funding round, securing 12 million euros. This funding will primarily be used to expand Tanso's environmental compliance and ESG software platform internationally and to advance its product development for environmental management and decarbonization in industrial manufacturing sectors.
Tanso aims to help industrial clients comply with evolving regulations like the EU's Corporate Sustainability Reporting Directive (CSRD) and meet growing demands for sustainability and decarbonization across global supply chains.
Key future plans include international expansion, enhancing ESG and carbon accounting tools, supporting customers in transformation projects, and growing the team. The company intends to broaden its market presence beyond its current base in Munich to serve industrial companies worldwide.
To achieve this, Tanso plans to develop its cloud-based platform to provide comprehensive real-time data management, analytics, and compliance automation that integrates with existing enterprise systems for sustainability reporting and decarbonization planning. This will enable over 300 industrial customers to better plan, monitor, and manage decarbonization and other environmental initiatives with measurable impact on ESG performance and compliance costs.
The funding round was led by venture capital firms HenQ and Fortino Capital, with participation from existing investors Capnamic and UVC Partners. This funding will accelerate Tanso's expansion and product development objectives.
Tanso offers a cloud-based software solution for environmental management, ESG data management, and compliance automation. With this funding, the company aims to enter additional countries with the fresh capital.
The market for ESG software solutions is experiencing rapid growth, driven by both increasing legal requirements and the expectations of large customers in the automotive, chemical, and food industries. These customers are demanding traceable decarbonization measures and regular reporting from their suppliers. Tanso continues to position itself as a central player in the ESG tech market.
As Tanso expands its team from 55 to over 100 employees, the focus will be on solutions for supply chain, compliance, and risk management. The company's base remains in Munich, Germany.
[1] Tanso's press release announcing the Series A funding round. [2] Tanso's website detailing the company's products and services. [3] Fortino Capital's press release announcing its investment in Tanso. [4] HenQ's press release announcing its investment in Tanso. [5] Capnamic's press release announcing its investment in Tanso.
- Tanso, with the 12 million euros secured from its Series A funding round, plans to utilize this capital to expand its cloud-based platform in the environmental science sector, providing comprehensive data management and automation for ESG reporting and decarbonization planning in other industrial sectors like finance and technology.
- As the market for Environmental-Science software solutions flourishes, driven by regulatory demands and customer expectations in various industries such as finance, technology, automotive, chemical, and food, Tanso aims to leverage its expanded team and software solutions to effectively serve these industries on a global scale.
