- EnBW New Ventures, Capnamic, WEPA Ventures, and xdeck invest in Cologne-based startup offering a central system for sustainability requests.
- Pressure mounts on companies in key supply chains to provide meaningful data for sustainability reporting, ratings, and customer requests.
- Sunhat's software makes required data usable for various requirements in seconds.
Cologne, February 27, 2024 Sunhat announced its Seed financing only in May 2023. Now, the startup is expanding it to 5 million euros through fresh capital from EnBW New Ventures and existing investors Capnamic Ventures, WEPA Ventures, and xdeck ventures. With the automation software already being used cross-industry by suppliers, retailers, manufacturing brands, and publicly traded corporations, Sunhat invests the new capital to support its rapid growth.
Synchronized sustainability data on demand
Companies are increasingly pressured to provide critical sustainability data for reporting, ratings, and customer inquiries, with demands rising for both qualitative and quantitative data.
"With 11,700 companies currently affected by reporting obligations, the number of indirectly affected suppliers and partners is already significantly higher. Eventually, all companies will be required to disclose their ESG data. With increasing requirements, a central system for the accurate transmission of this data is crucial," says Pascal Beckers, Principal at EnBW New Ventures.
Sunhat offers companies a flexible platform to map the multitude of sustainability requests, manage associated projects, and fulfill necessary tasks. Sunhat focuses on making the existing data dynamically usable for different needs, establishing the software solution as a crucial tool for users.
"The transformation to more sustainability is at risk of failing before it has even begun. Sunhat aims to drive the transformation by automating processes with AI-powered technology and significantly increasing the productivity of companies in meeting diverse requirements," explains Lukas Vogt, Co-Founder and CEO at Sunhat.
AI-powered answers in seconds
Every incoming request in Sunhat is synchronized in real-time for all users and can be processed immediately. Using AI, the system understands complex sustainability requirements, matches them with existing quantitative and qualitative data points, and assists experts in generating answers in seconds.
The new capital will now be used for further technological development and expansion of the sales and tech teams.
About Sunhat
Sunhat is a software startup that helps companies provide sustainability data on demand. By reducing the operational workload required for processes such as preparing answers, reviewing evidence, and collecting data, the software empowers businesses to save valuable time and resources and focus on their essential responsibilities. Founded by Lukas Vogt (CEO), Alexander Behr (COO), and Ali Kamalizade (CTO), the company is headquartered in Cologne, Germany.
More information on Sunhat at: www.getsunhat.com
Press contact
Jeannette Dinh
Senior Marketing and Sales Manager
jeannette@getsunhat.com
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About EnBW New Ventures
EnBW New Ventures supports entrepreneurs to develop new solutions for a sustainable future - people, planet, profit - by leveraging our financially driven VC setup with the reach and skills of our corporate investor EnBW.
The startups that we invest in engage and scale with EnBW in its transformation towards becoming a sustainable and digital infrastructure operator.
