Doconomy Raises €34M in Series B Funding to Drive Expansion and Enhance Impact Solutions
Doconomy Raises €34M in Series B Funding
Doconomy's Series B Funding
Key Highlights:
- Series B Funding: Doconomy, an impact fintech company, raised €34M in Series B funding.
- Investors: UBS Next, CommerzVentures, S&P Global, Motive Ventures, and PostFinance participated in the funding round.
- Expansion Plans: The funding will be used to accelerate expansion in North America and enhance Doconomy's product suite.
Doconomy's Target Market
- Financial Institutions: Banks and financial service providers looking to offer tools and solutions for climate action and financial wellbeing.
- Individuals and Corporations: Individuals and corporations interested in assuming responsibility for their environmental footprint and adopting sustainable lifestyles.
- Partnerships with Impact Organizations: Collaborations with organizations like the United Nations Framework Convention on Climate Change (UNFCCC), Mastercard, S&P Trucost, and World Wildlife Fund (WWF).
What Doconomy Needs to Buy
- Technology Enhancement: Investments in technology to enhance Doconomy's impact solutions and product suite.
- Marketing and Branding Services: Support from marketing agencies to promote Doconomy's offerings and expand its customer base.
- Partnerships and Collaborations: Opportunities to collaborate with financial institutions and impact organizations to further drive climate action and financial wellbeing.