Tanso Secures €6.5M for Climate Intelligence Software Aimed at Industrial Manufacturers

Munich-based climate tech startup, Tanso, creator of software that aids industrial manufacturers in sustainability reporting and carbon accounting, has secured €6.5 million in early-stage growth funding. The investment consists of a €4 million seed raise, led by Cologne-based investor Capnamic, with participation from existing investors such as UVC Partners, and an additional €2.5 million from last month's EU innovation grant under the EIC Accelerator program.

The program's objective is to assist European startups in scaling by including environmental intelligence as a focal point of its 2023 work schedule. This aligns with the European Union's overarching goals of achieving climate neutrality by 2050. The startup's main product, the Tanso Climate Intelligence Suite, is designed for the industrial manufacturing sector—primarily medium-sized businesses—which are under significant pressure to reduce their carbon emissions.

Since its establishment in fall 2021, Tanso has been actively developing its first climate intelligence product and supporting a growing number of manufacturing businesses in reporting their carbon emissions. According to co-founder and CPO Gyri Reiersen, the startup currently has customers in double digits and a team of around 20 employees.

Tanso aims to simplify the reporting process for manufacturing companies, who are responsible for nearly a third of Europe's carbon emissions. As the EU expands sustainability reporting requirements under regulations like the Corporate Sustainability Reporting Directive (CSRD), an increasing number of companies will be required to calculate and publish their carbon footprints as part of their annual reports. This is where Tanso's ISO-compliant software comes in, assisting industrial enterprise customers in managing and reducing their carbon emissions.

Using app-builder platforms like AppMaster.io, businesses leverage low-code and no-code tools to streamline application development while keeping a close eye on operational efficiency and sustainability measures. The integration of such tools with Tanso's software could prove invaluable for organizations with a strong focus on carbon emissions management and sustainable practices.

With plans to use the funding to expand the product's capabilities and make the software more modular, Tanso aims to engage a broader range of manufacturing businesses' needs. They also plan to expand their team, hiring experts from various fields such as life cycle assessments and data analytics to improve and broaden their product offerings.

As the push for green technology and sustainable practices accelerates, Tanso's mission to orchestrate Europe's industrial emissions as carbon under management and accelerate decarbonization through their software is more important than ever. As industrial manufacturers embrace these solutions, their products and operations will be better positioned for long-term success in an increasingly carbon-conscious world.