Toronto-based SaaS+ startup Manifest Climate raises $30 million led by BDC and Climate Innovation Capital

Proceeds will support product development, international expansion and other growth-related initiatives.

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Ontario — Manifest Climate announced the completion of a CAD $30 million Series A raise.

The round was co-led by BDC Capital Women in Technology Venture Fund and Climate Innovation Capital, with participation from the slate of investors that backed the company’s Seed Round in February 2021— including OMERS Ventures, Golden Ventures, Garage Capital, Active Impact Investments, Klass Capital and Bryker Capital, and influential angel investors.

Manifest says its platform is poised for rapid uptake as financial regulators globally embrace the TCFD—now endorsed by the G20, which accounts for 85% of global GDP—as the global standard.

Current users include Scotiabank, Manulife, Teck Resources, BentallGreenOak, Loomis Sayles, among others.

“Manifest Climate translates climate confidence into business results,” said Jeremy Greven, Co-Founder and President of Manifest Climate. “Technology is playing a bigger role in understanding climate-related risks and opportunities and by leveraging our deep climate expertise through AI, we are bringing cutting-edge tech into the world of corporate strategy and disclosure.”

Greven added that the financing proceeds will support product development, international expansion and other growth-related initiatives.

Derick Lila
Derick is a Clark University graduate—and Fulbright alumni with a Master's Degree in Environmental Science, and Policy. He has over a decade of solar industry research, marketing, and content strategy experience.

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