RIMM Sustainability, a Singapore-based climate tech business, announced today that it has secured US $3 million in a Pre-Series A fundraising round headed by venture capital firm BEENEXT and famous tech investor Mamoru Taniya.
The Aswani family of the multinational Tolaram Group and Atlas Asset Management are among the other prominent investors in the round.
The funds will be used to develop and deploy RIMM Sustainability’s version 2.0 platform, provide new features, and grow the company’s team, according to a news release.
“We are delighted to have closed our preseries A round, the pedigree of our investors is a testament to our team, our platform and our roadmap. This is a great step towards our goal to become the world’s largest sustainability platform and create an ecosystem where companies, citizens and stakeholders can engage to identify and solve the most pressing sustainability problems of today and tomorrow,” Ravi Chidambaram, CEO and Co-founder of RIMM Sustainability, commented.
“The success of microfinance is based on banking the unbanked. At RIMM, our success as a sustainability platform will come from serving the unserved,” Chidambaram added.
RIMM Sustainability is a SaaS platform that allows businesses of all sizes to optimise their sustainability management efforts. It was launched in 2021. It creates tools for managing, reporting, and optimising sustainability.
“Revolving around inclusion and accessibility, concentrating on unleashing an open world where sustainability is no longer illusive,” the business said of its platform.
Industry-specific assessments aligned to global sustainability standards (e.g. GRI, TCFD, SASB); benchmarking of sustainability performance against peers and industry; relevant and simplified educational guidance by sustainability experts; curated sustainability insights summarised on one comprehensive dashboard; Carbon Calculator to measure emissions across scope 1, 2, and 3; customisable sustainability reports for internal audiencies are just a few of the platform’s key features for SMEs.