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Tanso receives €6.5 million funding to decarbonize European industry

Bild der Gründer von Tanso, Gyri Reiersen, Till Wiechmann und Lorenz Hetzel.

Tanso receives €6.5 million funding to decarbonize European industry

  • The Munich-based software company offers carbon accounting software for industrial manufacturing companies under pressure to decarbonize their supply chains
  • Tanso's ISO-compliant Climate Intelligence Software enables the calculation, management, and reduction of carbon emissions at company and product level
  • The European Union supported Tanzo's product development in March 2022 with a €2.5m innovation grant under the prestigious EIC Accelerator program
  • The €4m seed financing that has now been completed is led by Cologne-based investor Capnamic, while existing investors such as UVC Partners are expanding their investment‍

Stricter requirements force producers to be more transparent

Companies in the manufacturing sector are responsible for about 32 percent of Europe's carbon emissions – but until now, only large corporations were affected by reporting requirements. With regulatory initiatives such as the Corporate Sustainability Reporting Directive (CSRD), the European Union is now significantly expanding the circle of companies subjects to reporting requirements. From 2025, every company with an annual turnover of more than €40m and a balance sheet total of more than €20m or more than 250 employees must calculate and publish its own carbon footprint as part of its annual reporting.

The carbon footprint is also becoming increasingly relevant in the private sector: a few years ago, it was more of an expert indicator in sustainability reporting, but it is establishing itself as an essential criterion for companies such as BMW, Bosch, or Schäffler to decide which supplier they should choose. For their suppliers, the carbon footprint is now becoming a significant part of the corporate strategy as a sales driver, with increasing pressure for more transparency on their environmental performance. One thing is clear: a lower carbon footprint becomes a competitive advantage. However, the complexity of supply chains, processes, and products makes it difficult for manufacturing companies to measure and reduce emissions – a significant challenge, especially for medium-sized companies. This is where Tanso comes in.

Reducing emissions with automated benchmarks and intelligent hotspot analyses

The founding team Gyri Reiersen, Till Wiechmann and Lorenz Hetzel are the brains behind the Tanso Climate Intelligence Suite. Their software helps industrial companies to manage their own decarbonization based on data. Through automated benchmark calculations and intelligent hotspot analyses, the founding team aims to support companies in making the ecological impact of their decisions measurable across departments and reducing emissions.

Following initial €1.6m pre-seed funding in October 2021 from UVC Partners, Picus Capital and Possible Ventures, Tanso has now grown to around 20 employees. In close cooperation with partner companies from the mechanical and plant engineering and automotive sectors, the team has since successfully developed and launched its "Corporate Carbon Footprint" product for calculating Scope 1-3 emissions. In addition, Tanso is working in exclusive cooperation with the German Engineering Federation (VDMA) to expand its product portfolio to include Product Carbon Footprints (PCF), which experts consider to be the key to effective decarbonization of supply chains. Tanso now offers PCF calculation for the 3500+ VDMA members.

Gyri Reiersen, co-founder & CPO at Tanso and AI expert with a background in climate research, says: "We need to think decarbonization holistically, with CO₂ accounting at company and product level - that's the only way to achieve our goals. Competitive advantages through emissions reduction, e.g. by changing energy sources or suppliers, can only be achieved if you can prove that your own products are better than the alternatives."

Christian Knott, Partner at Capnamic, says: "At Capnamic, we have a strong hypothesis on companies that serve the mid-market and create transparency in the value chain. Tanso understands that customers need to be met where they are today and that software should not just be a reporting tool, but add value to everyone who works with it. We believe that Tanso's market approach will lead to companies making more conscious purchasing decisions and thus meeting the growing consumer demand for greater sustainability."

Alexander Kiltz, Principal at UVC Partners, says: "With initiatives such as the EU's Corporate Sustainability Reporting Directive (CSRD), we are seeing increasing demand from industry for solutions such as Tanso's. Medium-sized companies with few resources in Sustainability in particular are benefiting from the Climate Intelligence Suite to meet reporting obligations and become more sustainable. We are excited about the entrepreneurial development of the founding team and look forward to supporting the company on its continued growth path in the future."

With the EU innovation funding and the fresh growth capital from Capnamic and UVC Partners, the founding team now wants to expand its team significantly. In particular, it plans to hire in product development to achieve the company's ambitious goals.

About Tanso Technologies

Tanso Technologies is a Munich-based software company that offers industrial companies a Carbon Intelligence Suite for recording, managing and reporting CO₂ emissions according to Scope 1-3. Tanso enables carbon accounting according to leading standards at both company and product level and has already won some of the most renowned German industrial companies as customers. Tanso is funded by the European Innovation Council (EIC) and renowned VC funds such as Capnamic, UVC Partners and Picus Capital.

About Capnamic

Capnamic is one of Europe's leading early-stage venture capital investors with offices in Cologne, Berlin and Munich. The VC's investment focus is on technology startups in German-speaking countries. In addition, Capnamic invests with international co-investors. All portfolio companies are supported by Capnamic's global industry network. The extensive know-how of the Capnamic team is based on more than 80 investments, numerous successful trade sales and IPOs as well as own entrepreneurial experience in the investment team. Capnamic is led by Christian Siegele, Jörg Binnenbrücker, Olaf Jacobi and Christian Knott as Managing Partners. Learn more at www.capnamic.com.

About UVC Partners

UVC Partners is a leading Munich- and Berlin-based early-stage venture capital firm that invests in European B2B tech start-ups from pre-seed to series A. With about € 400 million assets under management, UVC Partners typically invests between € 500,000 and € 10 million initially and up to € 30 million per company. The portfolio includes category leaders in deep tech, climate tech, hard- and software, and mobility with various technologies and business models. As an independent partner of UnternehmerTUM, Europe's most extensive innovation and startup center, UVC Partners has access to proprietary deal flow, an industrial network of more than 1,000 corporates, and access to talent from the leading European technical university. The investments include Flix, Vimcar, planqc, Tanso, Isar Aerospace, TWAICE, DeepDrive, FINN, STABL, and many more. They all benefit from the team's extensive investment and exit experience, their ability to build sustainable category leaders with a competitive advantage, and their passion for growing the game changers of tomorrow.

Learn more at www.uvcpartners.com.

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