WeSustain, a Buxtehude-based startup with focus on Enterprise Sustainability Management, recently closed a Series B financing round of € 4 million. All existing investors (HTGF, MBG, KfW) participated in the round and VNT Management joined the German startup as new investor. The fresh capital will be used to strengthen WeSustain’s market share and its sales organization.
The EU recently issued a new legislative directive, which makes sustainability reporting (environmental/social performance) mandatory for large enterprises. As a result the growth of the market for sustainability management software is more than likely. Today more than 2,500 European companies publish sustainability reports. Companies like Daimler, Allianz or Commerzbank already deploy WeSustain’s cloud-based software solution for their sustainability reporting. WeSustain was founded in 2010 by former SAP executives founded. In 2013, Deutsche Telekom and WeSustain agreed on a strategic partnership which encompasses the re-selling and support of WeSustain’s software by Deutsche Telekom. For more info about the WeSustain software, check out the video below this article.
Dr. Manfred Heil, the CEO of WeSustain, stated: „Due to the new European directive our market will triple over the next four years. After winning reference customers from major industries, we will be scaling our business into new markets and segments. We welcome VNT Management as new strategic and international partner and we highly appreciate the on-going support of our existing investors“.