TLDR:
- Paris-based Iceberg Data Lab secures €9.2 Series A funding to provide environmental data for financial institutions in the UK.
- The round was led by Beringea, with additional funding from French venture capital fund MAIF Avenir, AXA Investment Managers, and other existing investors.
Summary:
Iceberg Data Lab, a provider of climate and biodiversity data solutions for financial institutions, has secured a Series A funding round of €9.2 million. The funding was led by Beringea and included contributions from MAIF Avenir, AXA Investment Managers, and other investors. The increase in environmental regulation, such as the EU’s Corporate Sustainability Reporting Directive and the Taskforce on Nature-related Financial Disclosures recommendations, has highlighted the need for more reliable environmental data. Iceberg Data Lab’s datasets and products are used by over 50 major financial institutions globally, including Natixis, Solactive, HSBC, and Amundi. The company plans to use the funding to expand its presence in the UK, develop its product pipeline, and enhance client solutions with the latest technologies. The final close of the Series A is targeted at $11 million.
