Proof of Impact, a San Francisco-based infotech startup, has raised $2.3 million in seed funding to develop a next-generation platform for ESG and impact data intelligence.
The funding round was led by Altera Private and Chadd Evans, with participation from new investors including Working Capital Fund, Oxford Angels, and Blufolio. The funding will boost Proof Of Impact’s customer experience, hiring, and product development efforts. Chadd Evans, Chairman of Proof of Impact, referred to the round by stating:
“POI has emerged as a leader in IMM innovation, and I’m excited to be a part of their journey during this pivotal time in the industry. I believe that in order to better understand client’s growing use cases, rapid and continuous development will be required industry-wide, and POI will be leading that charge.”
Founded in 2019, Proof Of Impact was founded by a team of experts in impact measurement and investing with the mission to help organizations invest while having a positive impact. Over the past year, the startup has seen its ARR grow at a 40% monthly compounded rate, the size of its team more than doubled, and its number of contracts increased by over 65 times. Fleur Heyns, CEO of Proof of Impact, said in this regard:
“Since its inception, Proof of Impact has set out to prove that acting on high-quality ESG and impact data will make companies future-proof and be a key driver for their financial performance. Our robust digital technology platform allows us to substantially and aggressively expand our client base of companies and investors who are on a mission to improve their ESG and impact performance. We hope to become the de facto operating solution to execute data-driven ESG and Impact strategies in private markets.”
With organizations becoming increasingly aware of corporate social responsibility, tracking performance when it comes to meeting social and environmental objectives is now a major need. Proof Of Impact believes that by analyzing past and predicted performance in a transparent, continuous, and dynamic manner, it can help change the world for the better.