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Pitch deck: This is how Sunhat received five million euros

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Pitch deck: This is how Sunhat received five million euros

The Sunhat founders Lukas Vogt, Alexander Behr and Ali Kamalizade. Sunhat

The startup Sunhat has developed software that allows companies to save time when filling out sustainability questionnaires. Due to EU regulations and self-imposed Net Zero targets, these are a constant companion for many companies. The startup has now raised three million euros from investors in a follow-up financing round, it announced. The company received a total of five million euros in the seed financing round.

The company wants to invest the majority of the money in the areas of tech and product. The startup also wants to build a central ESG knowledge database. The round was led by EnBW New Ventures, the VC arm of energy supplier EnBW. Existing investors Capnamic Ventures, WEPA Ventures and xdeck ventures complete the round.

“In the medium term, all companies will be required to disclose their ESG data. As requirements increase, a central system is crucial for the correct transmission of this data,” says Pascal Beckers, Principal at EnBW New Ventures. ESG is the abbreviation for Environmental, Social and Governance (German: Umwelt, Soziales und Unternehmensführung). The term stands for the assessment and disclosure of companies’ sustainability work.

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Although several hundred companies are already partners, Sunhat co-founder Lukas Vogt still describes his startup as an insider tip in an interview with Gründerszene: “We fly under the radar. I love being an underdog.” Sunhat gets new customers through recommendations from their existing partners. The number of these has steadily doubled from quarter to quarter.

Sunhat prioritizes companies with more than 1,000 employees. They have a lot of ESG data and need the most support in implementing the knowledge. Vogt says: “Even in Cologne, where I live, there are hundreds of kiosks that can change something. However, our partners are in the early stages of the supply chains and consist of large clusters of companies.”

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Many of these companies have developed sustainability strategies in recent years that, among other things, provide for transparent supply chains, says Vogt. In this context, it is particularly the suppliers who have to disclose their own sustainability data. To do this, they receive comprehensive questionnaires from their customers that, for example, record CO2 emissions. The problem: Suppliers in the middle of a supply chain in particular usually have to fill out a whole series of such questionnaires – and this permanently ties up resources. “We asked around in the companies and many told us that they had to spend an enormous amount of time on this,” says Vogt. The task of sustainability teams in the company is actually different – namely developing new concepts.

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“In addition, companies’ sustainability strategies are very individual,” says Vogt. “But the questionnaires are generic. And quite complicated at that.” The software helps by reading the current questionnaire and looking for suitable answers from previous questionnaires that have already been answered. “This means that around 50 percent of the questions can be answered in advance,” says Vogt. The longer companies use the software, the more questions they tend to be able to answer with its help.

With this pitch deck, Sunhat raised five million

The founders Lukas Vogt (CEO) and Ali Kamalizade (CTO) developed the idea because they themselves had to deal with various questionnaires. “It became clear to us pretty quickly that we wanted to find a solution for this,” says Vogt. They then brought in Alexander Behr (COO) to found the company. “What connects us all is that we want to work on an effective vision,” says Vogt. Even though filling out the questionnaires is a tedious task, he still finds the procedure “absolutely necessary,” as he says. This is also why it was important to him and his co-founders to find a solution that would at least simplify the process. “In the end, it’s about increasing the productivity of people with very niche knowledge,” explains Vogt.

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15 people currently work in the company. However, the team could more than double in size in the future.

Here you can see the ten-page pitch deck for the current million-dollar round. You can also find more exciting presentations on our pitch deck topic page

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