Community-driven fintech Impaakt raises CHF 2.5 millionTuesday 20 July 2021
Using a collaborative approach to analyze and evaluate the positive and negative impacts of large companies, fintech start-up Impaakt has raised CHF 2.5 million.
The Geneva-based start-up’s mission is to change the way the world sees businesses by challenging the way they are measured. The data produced by the fintech hones in on the most fundamental environmental and social impacts of a company, whether that's the way it manufactures its products, or how its products are used after sale.
Supported by 25,000 contributors from all over the world, who document, analyze, and evaluate the positive and negative impacts of large companies, Impaakt enables portfolio managers to make informed decisions that go beyond the information available in CSR reports.
The company’s growing client base now has the ability to screen portfolios, extract data and compare companies’ performance against the 17 Sustainable Development Goals using powerful data visualization tools. In a matter of months, Impaakt has accumulated well over 250,000 environmental and social ratings and impact scores for hundreds of large companies.
Granting everyone the ability to drive change
After its third round of successful fundraising, Impaakt has raised over CHF 5 million to date, which will allow it to take advantage of the strong acceleration of its model to further build the breadth and depth of its coverage.
“Solving the impact data problem is one thing, getting this valuable data into the hands of everyone on the planet is equally important and should not be reserved for investors. We all have the right to know which businesses are having a positive impact on the world and which need to change, fast. It’s about time everyone had the ability to drive change,” explains Bertrand Gacon, CEO and co-founder of Impaakt.