Breathe ESG, a startup offering enterprise SaaS solutions for sustainability management, has raised $315,000 in a pre-seed funding round led by 100X.VC, which was the first institutional investor to invest in this startup.
Who are the other investors in the startup?
Post 100X.VC pitch day, KANJ Realty Ventures and Hyderabad Angels, notable angel investors like Vipul Jain (Chairman, Kale Logistics and Partner, Hearth Ventures), Pradeep Lala (Managing Director & CEO at Embassy Services) and Prashant Naik (Managing Partner, GRICAA) invested in the company.
What is the purpose of fundraising?
According to the company's statement, the raised capital would used to increase product capabilities, improve the suite of offerings, and expand into global markets.
“We are incredibly excited and grateful for the trust and support shown by our investors. This capital injection is a testament to the necessity of integrating sustainability into business operations,” the founders said in a joint statement.
The founders further said that the capital would accelerate Breathe ESG's product development and reach expansion.
What does Breathe ESG do?
Founded in July 2022 by Karantaj Singh and Shaayak Chatterjee, Breathe ESG assists enterprises in streamlining their sustainability efforts, making the transition to sustainable practices more accessible, efficient, and affordable.
Sustainability management is essential for companies in today's complex business landscape, as it integrates ESG practices into core business strategy to strengthen a company's reputation and attract consumers and investors.
Ninad Karpe, Founder & Partner, 100X.VC, said, “As the first institutional investors, we are thrilled that Breathe ESG has raised its pre-seed funding. At 100X, we invest in innovative startups and sustainability management is an area that has enormous scope. We are optimistic that Breathe ESG will scale rapidly in the future”