ESG Data Firm Receives GIC Boost finews.asiaESG Data Firm Receives GIC Boost finews.asiaRead More
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The Singapore sovereign wealth fund is among the new investors in MioTech, which uses artificial intelligence to solve the sustainability, climate change, carbon emissions reduction, and social responsibility challenges faced by financial institutions, corporations, and individuals.
Hong Kong-based MioTech has announced investments from Guotai Junan International and GIC in its latest Series B+ funding round, the company announced on Wednesday in a statement.
The latest funding, the size of which was not disclosed, will be used to expand and accelerate MioTech’s product development, the announcement said. Its earlier investors include ZhenFund, Horizons Ventures, TOM Group, Moody’s, and HSBC.
The company provides technical solutions to help with ESG data reporting, energy efficiency management, carbon data tracking, and carbon reduction. It currently has offices in Hong Kong, Shanghai, Beijing, and Singapore.