AltRaise, advises SustainCERT, a major player in decarbonisation, in its $10 million fundraising with Citizen Capital, Innovacom and Microsoft Climate Innovation Fund
Paris – October 29, 2021 – AltRaise, a financial advisory firm dedicated to companies with a positive environmental or social impact, acted as exclusive financial advisor to SustainCERT, a major player in decarbonisation, on its $10 million fundraising with Citizen Capital, Innovacom and Microsoft Climate Innovation Fund. This round of financing will enable SustainCERT to accelerate its growth dynamic.
AltRaise, a financial advisory firm based in Paris and London, is positioned as a true financial partner of Impact companies. The team, led by Denis Viennot and Driss Sefrioui, works to meet their financing needs and supports them in their expansion.
Through this strategic transaction, AltRaise has completed a round of financing that brings together major players of Impact and technology investment: the leading Impact investing fund (Citizen Capital) and a venture capital fund (Innovacom). Microsoft is also providing financial support to SustainCERT through its “Microsoft Climate Innovation Fund”. The technology leader has made decarbonisation one of its top priorities and is committed to achieving a negative carbon footprint by 2030.
Launched in 2018, SustainCERT is a leading player in the decarbonisation of economies: the first digital platform for the verification of carbon reduction activities, it also acts as a certification body for carbon credits and official impact statements for the Gold Standard for the Global Goals. This digital platform, unique on the market, has supported more than 1,200 projects covering the energy, land use and waste sectors, simplifying the certification process for carbon offset projects.
This capital raise gives SustainCERT the resources to make major technological investments in its digital platform. Further investments are also planned in research and innovation, to strengthen its position as a leader in creating solutions to measure the carbon footprint of companies.
Marion Verles, CEO of SustainCERT, comments: “Our priority is to provide innovative technological solutions for carbon accounting and verification to gain transparency and credibility. Without these tools to measure that these impacts are real, we will fail. With this strategic transaction, we are taking an important step in our development. The AltRaise team, led by Driss Sefrioui, has been a reliable partner throughout this transaction. Their in-depth expertise in our sector, their extensive investor outreach together with their extensive financial advisory experience, makes them the ideal advisor for Impact companies.”
This landmark transaction in the climate technology sector demonstrates AltRaise’s commitment to impact and reinforces its position as a key player in this ecosystem.