MioTech, an artificial intelligence platform that empowers financial institutions to draw actionable insights on their data, closed its Series A+ funding round. The company did not disclose the funding amount.
Jason Tu, Co-founder and CEO of MioTech, said: “The financing will be used to recruit more talents and invest in R&D. It will further strengthen MioTech’s data and technology edge, and help MioTech become the industry acknowledged platform for Green Finance and Sustainable Investment in Asia.” “MioTech will continue to invest in Hong Kong while expanding its presence in Singapore and Mainland China.”
The MioTech artificial intelligence platform empowers sustainable finance with environmental, social, governance (ESG) data and technology. According to the company, its sustainable finance platform mines ESG data through more than 12,000 public sources and combines it with supply chain, shareholding, investments, and other alternative datasets to form a comprehensive picture of corporates’ social responsibility performances.
MioTech provides ESG data, real-time risk monitoring, ESG ratings, indexes, and research and consulting services for clients. The company’s existing clients include asset managers, research houses, and commercial and investment banks.
Horizons Ventures, the private investment arm of Mr. Li Ka-shing, led the Series A+ funding round. Horizons Ventures has invested in many disruptive technology startups, including N26, Zoom, Perfect Day, and Impossible Foods.
“MioTech is the leader in ESG data and analytics in Asia. Based on its technology and data, investors can assess sustainability, social responsibility risks, and performances of corporates,” said Frances Kang from Horizons Ventures. “We believe MioTech will contribute significantly to the rise of Sustainable Finance and Impact Investing in Asia.”