HomeFundingBuxtehude-based WeSustain, a sustainability management tool, secures €4 million

Buxtehude-based WeSustain, a sustainability management tool, secures €4 million

WeSustain, a Buxtehude-based startup with a 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 organisation.

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, and 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. In 2013, Deutsche Telekom and WeSustain agreed on a strategic partnership that encompasses the re-selling and support of WeSustain’s software by Deutsche Telekom.

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“.

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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