# Daato Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/daato-technologies

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.daato.net
- Total disclosed funding: $5.4M
- Latest round: Seed (Mar 20, 2024)
- Investors on record: 3

## About

Based in Berlin, Germany, and founded in 2021 by co-founders Satya Kamal Raparthi and Thilo Hitz, Daato Technologies GmbH offers an online platform in which users can automate their compliance processing for their sustainability and environmental, social, and governance reporting. In March 2024, Daato Technologies GmbH raised EUR 5 million in seed funding led by investor Wi Venture, with participation from other investors IBB Ventures and Neosfer GmbH.


The company offers an all-in-one sustainability software solution, providing a comprehensive platform to address various ESG use cases efficiently and ensuring compliance with regulatory frameworks, such as the CSRD/ESRS reporting platform, which guides users through double materiality assessments, data collection, performance analysis, and audit workflows. The platform leveraged AI features such as automated data collection, sophisticated analytics, and XBRL reporting. EU Taxonomy Compliance offers a comprehensive suite of tools to assess, report, and track adherence to the taxonomy's guidelines. From eligibility assessments to alignment checks and final audit reports. Additionally, the CO2 Footprint offers a comprehensive solution for organizations to collect, centralize, and analyze greenhouse gas emission data. With a database of 28,000 emission factors, CO2 Footprint enables users to calculate their carbon footprint efficiently, covering Scope 1, 2, and 3 emissions through spend- and activity-based calculations. supply chain due diligence solution. Leveraging advanced technology, including AI and automation, the platform provides concrete risk assessments, intelligent sustainability self-assessment surveys, and real-time supplier monitoring. This empowers businesses to proactively identify and mitigate risks, ensuring compliance with regulatory frameworks while fostering sustainable practices.


The company plans to use the AR 2024 funding to bolster its automation capabilities and accelerate its market expansion.

## Funding rounds

- Seed, Mar 20, 2024, $5.4M — IBB Ventures, neosfer, Kopa Ventures

## Investors

- IBB Ventures (https://capitalatlas.ai/funds/ibb-ventures) — Seed
- neosfer (https://capitalatlas.ai/funds/neosfer) — Seed
- Kopa Ventures (https://capitalatlas.ai/funds/kopa-ventures) — Seed