Tesel, a London, UK-based provider of a platform simplifying the process of ESG assessments for buyers and suppliers throughout the supply chain, raised £320K in Pre-Seed funding.
What makes Tesel’s ESG assessment platform better?
ESG is short for Environment, Social, and Governance (ESG) these three key factors impact the supply chain overall. Right from its productivity and profitability. Investors and corporates care about ESG as it impacts the environment and society.
Led by CEO Reemah Shanab and Anton Manley, Tesel was founded to make it easier for businesses to connect with the right ESG partners and cut down on unnecessary expenses and promote sustainability at all levels within the business.
When a company follows ESG best practices, it is perceived as ideal by B2B/C customers and potential investors who are seeking to invest in the company.
Tesel’s platform is a one-stop ESG marketplace for businesses to connect with other service providers and businesses that help with ESG tracking, assessment, consultations, and general information. Business service providers listed on the marketplace transparently report their credentials. maintain ESG standards. It makes it easier for customers to purchase products with trust. Via the platform, buyers and sellers have a clear view of companies’ ESG data across supply chains.
The marketplace connects businesses that understand that ESG reporting is essential to commercial success. Their platform caters to businesses of all sizes and helps them with complex regulatory requirements through precise and bird’s eye-level reporting.
How is Tesel planning to use the funding?
The company intends to use the funds to further product development, commercialization, and expansion of its team ahead of its next phase of growth.
The round was led by Jenson Funding Partners and other angel investors. According to a report by Bloomberg Intelligence, ESG-backed assets may soon hit $53 Trillion by 2025. Made possible through sustainable initiatives by industries and corporates.
Learn about ESG and its impact on businesses in this course: Enroll here