ImpactNexus receives €1 million to help SMEs with sustainability

ImpactNexus receives €1 million in funding from the EU and IBB to help SMEs accelerate their sustainability transformation. The company provides digital solutions for efficient sustainability management, including AI-powered software.

Berlin, October 16, 2023: Start-up ImpactNexus.io receives funding of €1 million from the European Union and Investitionsbank Berlin (IBB). The company offers digital solutions for efficient sustainability management and aims to support small and medium-sized enterprises (SMEs) in their sustainability transformation.

In an increasingly demanding environment where regulators, investors, customers and employees are increasingly demanding sustainability measures, SMEs face challenges. They often lack the skilled resources and expertise to meet these demands. This is where ImpactNexus comes in, by providing digital solutions to help SMEs accelerate their sustainability initiatives.

Our digital solutions enable SMEs to assess the environmental and social impacts of their activities and efficiently report to various stakeholders while optimizing their sustainability performance

Alexander Schabel, CEO of ImpactNexus.

ImpactNexus' software uses artificial intelligence (AI) and natural language processing (NLP) to extract insights from research articles, reports and news stories. With this data, ImpactNexus prioritizes specific sustainability issues for companies and provides strategic recommendations for action to efficiently transform sustainability. In doing so, the company records the impact of corporate activities on the environment and society as well as significant risks and opportunities for business success.

Funding from IBB and EFRE

ImpactNexus' sustainability management software also helps companies meet the mandatory reporting requirements of the Corporate Sustainability Reporting Directive (CSRD). This is an EU directive on corporate sustainability reporting based on the new European Sustainability Reporting Standards (ESRS).

The funding comes from the ProFIT program of Investitionsbank Berlin (IBB), which supports technological innovation projects and is financed by the European Regional Development Fund 2021-2027 (ERDF).

Who is ImpactNexus?

ImpactNexus GmbH, founded in 2021, provides companies, banks and financial investors with software-based solutions for efficient sustainability management. This includes solutions for venture capital and private equity funds to meet the requirements of the Sustainable Finance Disclosure Regulation (SFDR). For companies, ImpactNexus offers a wide range of sustainability management solutions, from ESG and impact assessment to compliance and reporting according to various standards (e.g. CSRD) and optimization of sustainability strategies and measures. ImpactNexus' solutions are highly automated and provide tailored improvement recommendations via an AI-based impact database. More than 500 companies, banks and financial investors are already using ImpactNexus' solutions.