Apiday's platform not only assists companies in becoming compliant with ESG regulations but also helps them improve their ESG practices by providing a roadmap of around 350 actions. The company's CEO, Édouard Audi, believes that the importance of ESG data will significantly increase in the coming years. The funding round was led by Daphni and included participation from AENU, Galion.exe, SWEN Capital, Speedinvest, and Revent.
Key takeaways:
- Paris-based startup Apiday, which targets private equity funds and blue-chip companies needing to track sustainability practices, has raised €10 million in a Series A funding round.
- Apiday leverages AI and human expertise to provide ESG reporting and value creation, differentiating itself from competitors such as AlphaSense, Dataminr, Sesamm, and Truvalue Labs.
- With clients in 23 countries and 60% of its sales generated outside of France, Apiday plans to expand in Europe and open offices in Germany and the U.K., expecting its team to grow from 40 to 70 employees over the next 12 months.
- Apiday assists its customers with developing roadmaps including some 350 actions they can take to improve their ESG practices after becoming compliant, expecting corporates to follow the trend of funds in focusing on ESG practices.