The Ottawa-based company secured US$10 million in convertible notes from existing investor Quantum Energy Partners and US$4.5 million in venture debt from Silicon Valley Bank. (The Logic)
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The Ottawa-based company secured US$10 million in convertible notes from existing investor Quantum Energy Partners and US$4.5 million in venture debt from Silicon Valley Bank. (The Logic)
Talking point: FigBytes’ software helps companies track, manage and report environmental and social factors related to their business, like carbon emissions, water use, philanthropy, and diversity, equity and inclusion. The firm counts Ford Motor and Herbalife among its clients. Its integrated approach to measuring and reporting ESG factors could simplify the complexities of meeting the increasing demands from investors, regulators and customers for more transparency and better environmental and social practices. The money brings FigBytes’ total funding to US$25 million to date.
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