ESG Self Assessment Platform ESG Bay has raised £135,000 in pre-seed investment from investors on the FundMyPitch platform.
he funds will be used to drive expansion plans and bolster headcount by 50 per cent.
The investment was led by Bigspace Investments Ltd as well as a number of angel investors, raising 180 per cent of ESG Bay’s initial £75,000 funding target through the FundMyPitch platform.
ESG Bay will use the funding to further develop its ESG assessment technology, expand customer acquisitions and grow its team of climate tech experts, on top of a previous grant from Innovate UK. This will expand the self-assessment platform, providing easy-to-understand ESG assessments and recommendations that enable businesses to measure their climate impact.
The raise took place via FundMyPitch’s video pitch platform, leveraging AI algorithms, to showcase ESG Bay’s innovative sustainability solution to their dynamic investor network consisting of venture capitalists, startup incubators and a range of financial institutions.
Steven Mooney, CEO of FundMyPitch, said: “The work that ESG Bay is doing to drive climate monitoring is transformational for businesses, helping to ingrain climate impact at the heart of their operations. Connecting the next wave of budding entrepreneurs, start-ups and SMEs, like ESG Bay, with access to funding is an essential part of the UK business economy, encouraging growth and innovation.”
“Especially during uncertain economic times, start-ups and SMEs need a platform to highlight their services and solutions to those that are active in the investment market to ensure they succeed. Access to pitching opportunities and connecting to investor networks is crucial for the business community, now more than ever with the rapid evolution of emerging technologies” Mooney added.
Agnieszka Petrzak, CEO of ESG Bay, said: “FundMyPitch has exceeded expectations by providing ESG Bay with access to the vital funding we need to scale up our business. Working with Steven and his investor networks will enable us to further develop our ESG monitoring capabilities and support businesses with their climate goals. I’m excited to grow our customer acquisitions and add to our talented team of experts to continue expanding our monitoring services.”
Off the back of the raise, FundMyPitch founder Steven Mooney and ESG Bay Founder Agnieszka Petrzak discussed raising investment during turbulent times and ESG Bay’s journey so far, on “The Funding Journey”, an educational platform for entrepreneurs and early-stage businesses.
FundMyPitch connects entrepreneurs and SMEs with investor networks to support the raise of multi-millions in capital during its first year of trading, building upon its user base of investors, helping them get connected to high-potential businesses.