EcoRatings Raises $1 Million in Pre-Seed Round

EcoRatings Raises $1 Million in Pre-Seed Round

EcoRatings, a New York-based cleantech startup, has raised $1 million (INR 8.3 crore) in a pre-seed funding.

The investment was from We Founder Circle, 888 VC, Vinners, Indigram Labs Foundation, and Google.

The company will use the funds to acquire paid data sources, increase the number of tokens, and introduce multi-modal capabilities.

Founded in 2023 by Aditi Balbir, Aqeel Ahmed, and Shruti Anand, EcoRatings uses AI/ML and Big Data to quantify the environmental impact of products and services, aligning its methodology with the United Nations' 17 Sustainable Development Goals and ESG norms. The platform analyzes vast datasets to provide real-time, contextually relevant insights, aiding organizations in meeting sustainability goals through a domain-specific large language model with RAG architecture. EcoRatings serves consultants, investment banks, large corporations, and aggregators, supporting sustainable decision-making.

Funding Details

Company: EcoRatings

Raised: $1.0M

Round: Pre-Seed Round

Funding Month: May 2024

Investors: We Founder Circle, 888 VC, Vinners, Indigram Labs Foundation, Google

Company Website: https://ratings.eco/

Software Category: Sustainability Solutions