Net Purpose is a platform for sustainable investors that supplies investment-grade facts on companies' social and environmental performance rather than relying on traditional ESG scores. The company emphasizes factual reporting and says its data measures social and environmental performance rather than financial-risk-focused ratings. Net Purpose claims to hold more and higher-quality data than other providers. It positions itself as an alternative to ESG ratings firms such as MSCI and Sustainalytics. The company raised $11M in a Series A to expand its product and grow its team. Net Purpose is benefiting from a broader shift to sustainable investing, with the UN Principles for Responsible Investment estimating $120 trillion committed to sustainable investing and allocations growing 22% year over year. Net Purpose has built a data infrastructure that cleans, standardizes and structures data to quantify the social and environmental outcomes of companies and investment portfolios, enabling investor reporting against global standards and the SDGs. The platform helps investors select the right metrics, aggregate data and benchmark portfolio performance in a transparent, cost-effective way. Founded in 2019 and based in London, the company targets investors who invest for both profit and purpose. Net Purpose was founded by impact measurement experts Samantha Duncan and Dinah Koehler and has support from impact and financial-industry figures on its board and investor roster. The company plans to expand its engineering and analytics teams and broaden access to social and environmental performance data for more investors. The article positions Net Purpose as the world’s first dedicated data provider for this new generation of investors.

Total raised

$14M

Funding rounds

2

Latest round

Series A

Latest activity

Oct 2022