Clarity AI closes $15m funding round led by Deutsche Börse

By Pavithra R

Clarity AI, a global FinTech company that empowers investors to manage the impact of their portfolios through its proprietary technology platform, has announced that the firm has secured $15 million in a funding round led by Deutsche Börse AG & co-investor Mundi Ventures. 

Founded in 2017, Clarity AI is an end to end technology solution that optimizes the societal impact of investment portfolios. The company touts to have attracted a client network representing in excess of $3T of assets and funding from investors, including Founders Fund, Seaya Ventures, Kibo Ventures, and Matthew Freud. Currently, the FinTech’s tech platform on social and environmental impact features more than 30,000 companies, 187 local governments, 198 countries, and over 200,000 funds. The company uses proprietary technology and algorithms to offer transparent assessments for investors that are the most consistent and comprehensive available.

“Our purpose is simple: to measure the impact of companies on our society and planet. Investors attempting to evaluate impact have faced fragmented and unreliable data, inconsistent subjective definitions, and a lack of standards and tools for comprehensive analysis. Historically it has been too hard and resource-intensive to get accurate and transparent insights. Clarity AI provides a solution for that,” said Rebeca Minguela, Founder and CEO of Clarity AI.

“2020 has seen extraordinary volatility and uncertainty – from COVID-19 to social justice protests. It has never been more important for investors to have accurate insights on the true impact of the companies in which they place their trust and their money. That is why we are scaling up our business to enable investors to identify and support those companies helping to solve society’s biggest challenges.” added Minguela.

Clarity AI is planning to use the funding to drive its sustainable expansion plans, including scaling-up investment in proprietary technology and Artificial Intelligence, as well as integrating with the large financial services platforms. The approach is expected to help investors and corporations to analyze and report sustainability and impact.

Clarity AI & Deutsche Börse are also exploring potential partnership opportunities in various Deutsche Börse business areas, including Qontigo, a leading provider of indices and analytics.

“This partnership reflects our mutual commitment to the ongoing enhancement of sustainable investing and the application of the latest technology in pursuit of this goal. We were very impressed by Rebeca and her team’s vision for Clarity AI and the advanced technology platform they have created. We are excited to be in a partnership that puts impact at the heart of investment,” said Sebastian Ceria, CEO of Qontigo.