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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/05\/24\/climate-tech-funding-esg-carbon-removal-fusion\/<\/a><\/br> Despite hints of a slowdown<\/span>, investors still appear to be enamored with the climate tech world. Just ask those of us who cover the sector here at TechCrunch+: Our inboxes are constantly being bombarded with funding announcements. Here\u2019s a quick rundown of three that caught our attention.<\/p>\n Executives might be backing away<\/a> from their companies\u2019 ESG commitments, and conservatives might be agitating for a backlash<\/a>, but a new funding round suggests that the principles are far from disappearing.<\/p>\n \u201cThe backlash we\u2019ve seen is a symptom of ESG and sustainability in general having gone mainstream,\u201d said Charles Assaf, co-founder and CEO of Novisto<\/a>, an ESG data management startup.<\/p>\n As if to underline the point, Novisto is announcing a $20 million Series B round Wednesday, TechCrunch+ has exclusively learned. The round was led by Inovia Capital with participation from Portage, SCOR Ventures and existing investors White Star Capital and Diagram Ventures.<\/p>\n The company was founded in 2019 on the belief that companies will eventually develop ESG tech stacks, Assaf said, \u201cand ESG data management will be a core piece of that.\u201d Novisto has already landed a few major clients, including workflow management company Asana, financial services group Manulife and pharma giant Sanofi.<\/p>\n ESG data presents companies with a range of challenges. While some is structured, much of it is not, and it runs the gamut from easily crunchable numbers to more narrative-style qualitative data. Companies are finding that they need ESG-specific solutions for complying with regulations, producing reports and preparing for audits. The field, which is still relatively new, is changing rapidly, meaning that companies have to ensure their ESG practices remain up to date.<\/p>\n But one of the biggest challenges Novisto\u2019s customers have faced, Assaf said, was creating the tools and frameworks to identify and collect the data. \u201cCompanies are missing the right processes, the right system, the right governance of data,\u201d he said. The startup hopes that by giving companies the right boxes to fill, they\u2019ll start seeking out the data they need to give ESG-hungry investors the information they\u2019re demanding.<\/p>\n Commercial fusion power has never felt closer. It\u2019s not going to happen next year or the year after, but plenty of investors think it\u2019ll be sooner than later. Even Microsoft has placed a bet, inking a deal with Helion that requires the startup to bring a plant online by 2028.<\/p>\n There are at least half a dozen other companies vying with Helion to supply fusion power to the grid. Many of them are developing a significant fraction of their technology in house, but Kyoto Fusioneering<\/a> is betting that there\u2019s plenty of stuff<\/a> that plasma-focused startups would rather not think about.<\/p>\n<\/p><\/div>\n <\/br><\/br><\/br><\/p>\n
\nWhat\u2019s getting funded in climate tech: Managing ESG data, supplying fusion startups and removing carbon<\/br>
\n2023-05-24 22:07:45<\/br><\/p>\nESG data management startup Novisto logs $20M Series B<\/h2>\n
Kyoto Fusioneering nets $79M Series C to make parts for fusion startups<\/h2>\n