Heaptalk, Hong Kong — Asia’s sustainability data and software provider MioTech announced to bags a new round of financing from global venture capital firms, spanning ZhenFund, Horizons Ventures, TOM Group, Moody’s, HSBC, Guotai Junan International, GIC and J.P. Morgan.
The latest fundraise is expected to assist MioTech further on its path of profitability and achieve stronger market penetration across APAC. The funds will be deployed to deliver continued revenue growth with its suite of AI-powered ESG and climate tools to corporates and financial institutions. The funding will also bolster MioTech’s research and development efforts in green technology, strengthening its expertise and driving digital transformation in the sustainability space.
MioTech’s ESG datasets and climate risk analytics, which leverage artificial intelligence, satellite imagery, proprietary climate methodologies and advanced financial modelling, have enabled clients to quantify their portfolio risks and combat evolving regulations in the face of climate change. Its end-to-end sustainability software-as-a-service has simplified the complexities of ESG reporting and carbon accounting processes, satiating increasingly high demand from organizations looking to kickstart their decarbonization journeys across operations and supply chains.
With the investment, MioTech looks forward to collaborating with investors to pursue strategic partnerships that help broaden its service offerings and tap into fast-growing demand in Asia, supercharging revenue streams and earnings growth.
“The ESG and climate market calls for innovation – especially in how businesses operate,” said Jason Tu, Founder and CEO of MioTech. “We are excited to forge new alliances and are ready to fully execute on our shared vision in pursuit of a more sustainable future.”
