Environmental fintech firm Iceberg Data Lab (IDL) has raised US$10 million in funding as it targets growth in the UK. The Series A funding round was led by venture capital firm Beringea, with additional funding from French venture capital fund MAIF Avenir, AXA Investment Managers and others. The latest capital injection brings total funding raised by the company to more than US$15 million. “The support of our investors will enable us to tailor and improve on our existing client solutions and pave the way for further expansion in the UK, Europe and beyond,” Matthieu Maurin, CEO and Co-Founder of IDL. “In this next stage of growth, we will aim to help our clients accelerate their transition journeys to align with global environmental goals, and mitigate the negative impacts of climate change, protect natural habitats and curb biodiversity loss.” The company is targeting a final close of its Series A at US$11 million. IDL were advised by M&A advisor Avolta.
The 🇫🇷 fintech Iceberg Data Lab, specializing in measuring the ESG impact of financial portfolios, raises €10m!
A Series A led by @Beringea, with @MAIF Avenir, @AXA Investment Managers, and other existing investors.
— Thomas Yeddou (@thomasyeddou) April 3, 2024
