Bavest provides infrastructure that gives fintechs, banks and asset managers access to real-time financial data and alternative data such as CO₂ data, carbon footprint data, involvement risk analyses and ESG scores. The company also offers an AI-as-a-Service solution that enables asset managers to use AI to assess portfolios for risk and accurately quantify climate impact. Bavest targets enterprises seeking integrated climate and ESG analytics within financial workflows. The startup was founded in 2019 by Pedram Babaei, William Todt and Ramtin Babaei and is based in Frankfurt, Germany. Bavest intends to use the new funding to accelerate growth and further consolidate its position as a provider of AI-based financial infrastructure for businesses. Bavest is described as operating across competitive intelligence, financial services and software services. On 16 July 2022 the company raised an angel funding round. The article does not disclose the round size. Named investors in the round are Moritz Luck, Dieter Staib, Felix Leonhardt and Alexander Burlis. The report includes no operating metrics such as revenue or user counts. No specific product details or future plans were provided in the article.

Total raised

$1M

Funding rounds

2

Latest round

Seed

Latest activity

Mar 2024