FigBytes offers an ESG insight platform that helps companies and governments plan, track and fulfill environmental, social and governance goals by integrating strategy, aligning data, reporting progress and engaging stakeholders. The platform supports use cases such as carbon accounting, water stewardship, philanthropy, and diversity, equity and inclusion (DEI). Clients cited in the article include Akamai, Cerberus, Ford Motor, Herbalife, the State of Minnesota, and Toyota Tsusho. Led by CEO Ted Dhillon, the company intends to use new funds to continue growth and expand sales and marketing, customer success, and product development activities in North America, Europe, and India. Financially, FigBytes raised an additional US$14.5M in funding plus a US$4.5M debt facility from Silicon Valley Bank, bringing total funding to date to US$25M. The company positions its platform to help clients report to regulators and shareholders, reduce environmental impact, and create more diverse, equitable workplaces.

Total raised

$15M

Funding rounds

2

Latest round

Equity

Latest activity

Dec 2022