Feb 15, 2022
SustainLab accelerates growth to speed up society’s green transition
In 2022, new legal requirements and EU regulations will be introduced that will increase demands for transparency and comparability of sustainability data. In response to this, SustainLab, one of the hottest startups in the SustainTech sector, is undergoing its first capital raise and accelerating its growth journey.
2022, the Year of the Tiger according to the Chinese calendar, ushers in new regulatory requirements for reporting, comparability, and transparency regarding sustainability data. This calls for a very necessary green ‘tigerleap’ (or tigersprång as we say in Swedish) in the efforts surrounding the societal and business roles, especially considering the significant shortage of expertise. SustainLab, which digitizes and automates the work with sustainability data alongside packaged sustainability expertise, is now conducting its first capital raise to expedite its efforts. The capital injection will be used to realize the next steps in the company's development plans to capture additional market share.
“Our business idea revolves around automating the time-consuming and manual work of collecting and processing sustainability data. This allows companies the opportunity to integrate sustainability aspects into all critical business decisions, a development that is absolutely necessary today. As an impact company, we continually ask ourselves how we can scale up our impact even more. We are recruiting more talented developers and colleagues to help us make a real difference. We are particularly pleased that the investors look at sustainability in the same way as SustainLab and approach it with a long-term perspective," says Maria Svantemark, CEO, and co-founder.
Smarkit Invest and a group of business angels with extensive experience in the SaaS field are participating in the emission.
"The transition is progressing far too slowly when it comes to building a more sustainable society. We are proud to invest money but also to contribute our time and expertise to SustainLab, which is dedicated to helping society take the green tigerleap forward. Our previous experience from developing scalable, global decision support is now being used to help create a more sustainable world", says Jeanette Anttila, CEO of Smarkit Invest.
SustainLab is a SaaS Sustainability Management platform that automates the collection, processing, analysis and visualization of sustainability data. In addition, it provides recommendations for improved sustainability work. The company was founded in 2020 by Maria Svantemark and Kamal Hakimzadeh and is today used by companies that share the vision that accelerated sustainability work leads to both successful companies and a better planet.
About Smarkit Invest:
Smarkit Invest is an investment company that invests in early stage companies with a clear growth agenda. Our commitment means that we take an active role as owners and advisors in our companies. We choose to invest in entrepreneurs and companies whose business concept supports the UN Agenda 2030.
Maria Svantemark, CEO & Co-Founder of SustainLab