Doconomy, a leading climate data platform, has successfully secured $19 million in equity funding to advance its growth and expand its team. This investment will also enhance the development of its Impact Applied Portfolio, which focuses on environmental impact assessments for products, financial transactions, lifestyles, and businesses, ultimately aimed at fostering greater climate action globally.
The funding round was primarily led by CommerzVentures, with contributions from Citi Ventures, Citigroup’s venture capital unit, and Ingka Investments. Existing backers, including Mastercard and Ålandsbanken, also participated in this round.
Doconomy gained recognition for its collaboration with the United Nations Framework Convention on Climate Change (UNFCCC) to introduce the Carbon Lifestyle Calculator during COP26. The innovative technology is currently implemented across 30 countries by prominent banks and brands such as BNP Paribas, Klarna, Nordea, and Standard Chartered, with plans to expand into 20 additional markets this year.
Mathias Wikström, co-founder and CEO of Doconomy, stated, “Doconomy empowers conscious consumers by promoting transparency among corporations. Our platform supports both corporate and product-level initiatives, driving behavior change towards sustainability.”
Jelena Zec, Senior Vice President of Venture Investing at Citi Ventures, remarked, “We have been impressed by Doconomy’s proprietary approach and its ability to forge impactful partnerships aimed at concrete climate action.”
Krister Mattsson, Managing Director of Ingka Investments, echoed these sentiments, saying, “Both Ingka and Doconomy share a vision for creating sustainable living environments through innovative products and services. We see significant potential in developing solutions that help consumers and suppliers assess, comprehend, and mitigate their climate impact.”