# Coral Harbour

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coral-harbour-pty

- Industry: Software
- Headquarters: Melbourne, Australia
- Website: www.socialsuitehq.com
- Total disclosed funding: $7M
- Latest round: Series A (Feb 24, 2022)
- Investors on record: 3

## About

Coral Harbour Pty Ltd provides innovative software solutions for sustainability reporting, helping organizations effectively measure and report their sustainability impacts in accordance with regulatory requirements.Founded in 2010 and headquartered in Melbourne, Australia, Coral Harbour Pty Ltd specializes in developing software for sustainability reporting. The company has completed 8 deals, with its most recent being a Series A funding round on February 24, 2022, where it raised USD 4.25 mn led by Pixiu Investments, alongside Tidal Ventures. The founders, Clara Ong and Damian Hajda, have a history of innovation in this sector, and the current CEO is Brad Gurrie.Coral Harbour Pty Ltd, through its brand Socialsuite, specializes in providing software solutions for materiality and sustainability reporting. Their main products include tools for Double Materiality assessments that align with regulations such as the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS). These solutions cater to mid to large public and private companies across various sectors, including technology, manufacturing, and professional services. The software is designed for ease of use, facilitating stakeholder engagement and materiality management for over 100 public companies listed on stock exchanges like NYSE, NASDAQ, and ASX, with a global client base spanning North America, Europe, and Asia-Pacific.Coral Harbour Pty Ltd operates on a subscription-based model, where clients subscribe annually to their software solutions tailored to specific business needs. Revenue is generated through direct contracts with clients, ensuring a seamless integration of their products. The company partners with organizations aiming to enhance their ESG (Environmental, Social, and Governance) initiatives, leveraging their AI-Driven Double Materiality Software to offer continuous support and updates, thereby improving compliance and sustainability reporting effectiveness.Following the Series A funding of USD 4.25 mn raised on February 24, 2022, Coral Harbour Pty Ltd plans to utilize the capital to enhance its software platform and accelerate sales and marketing efforts, particularly in the United States. The company is also focused on expanding its reach into new geographic markets, aiming to capture a larger share of the sustainability reporting sector. Specific upcoming product launches are under development, although release dates have not been disclosed.

## Funding rounds

- Series A, Feb 24, 2022, $4.3M — Tidal Ventures, Pixiu Investments
- Seed, Jun 17, 2020, $1.4M — Tidal Ventures
- Seed, May 1, 2020 — Salesforce Ventures
- Series A, Dec 13, 2018, $1.3M — Salesforce Ventures, Tidal Ventures
- Seed, Mar 6, 2018, $0.1M — Salesforce Ventures

## Investors

- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Seed, Series A
- Tidal Ventures (https://capitalatlas.ai/funds/tidal-ventures) — Series A, Seed
- Pixiu Investments (https://capitalatlas.ai/funds/pixiu-investments) — Series A