The start-up offers the most comprehensive ESG platform on the market, simplifying compliance with standards such as CSRD, and improving the management of extra-financial data, Karbonpath, Entreprise à Mission, promotes the transition to a sustainable world and helps companies improve their Environmental and Social transition.
One year after its launch, Karbonpath, a start-up specializing in extra-financial reporting and performance software, announces that it has raised its first round of financing of 1.3 million euros from private funds and historical partners, confirming the confidence of investors in the development of the company and its KP ESG platform.
This round of financing will enable Karbonpath to accelerate its growth in an ESG software market overturned by the arrival of the CSRD (Corporate Sustainability Reporting Directive). This European directive, in force since January 2024, obligates some 60,000 companies operating in the European Union to identify the ESG issues that concern them and to publish data on their impacts and their strategy for improving them.
Data management at a granular level
Founded by experts in financial and extra-financial reporting, Karbonpath draws on this experience to offer a “Big Data” technology platform in a sovereign cloud. The platform is capable of collecting, consolidating and tracking large volumes of extra-financial data. The start-up plans to integrate new functionalities and artificial intelligence, as well as expand its team.
A network of partners
The start-up, which is positioned as a pure-player software company, relies on a network of over 35 strategy and CSR consulting firms to accelerate its commercial development, and concentrate its efforts on research and development.
Patrick Albos CEO and co-founder of Karbonpath:
“Karbonpath has succeeded in convincing customers and investors alike, just one year after launching its platform. Our expertise in integrating financial reporting software has enabled us to build a platform that meets the needs of compliance and sustainable transition management. We adapt more easily to different reporting requirements and frameworks than software historically positioned in more restricted segments, such as carbon footprinting. Thanks to our network of ESG experts, we are also in a position to respond to the need for support on these complex and still new subjects.”
A fast-growing market
The market in France is currently estimated at 290 million euros, and is expected to reach nearly 600 million euros by 2027, representing annual growth of over 30%, according to AdVaes. The European market in which Karbonpath is positioned is expected to exceed 3 billion euros by 2027. In this favorable context, the start-up already has 138 orders or negotiations underway with major groups and ETIs, and is rapidly targeting over two hundred customers by 2025.