ESG Startup's Valuation Increases Significantly Following Series A Injection

Published on: 9 May 2022 07:10 PM
by KnowESG

GoImpact, a Hong Kong and Singapore-based environmental, social, and governance (ESG) and sustainable financing firm, has raised an undisclosed sum of series A funding, bringing its valuation to US$22 million.

Oriental Watch Group, a Hong Kong-based watch retailer, and an unknown Hong Kong-based private investor were among the round's investors.

GoImpact will use the funds raised to extend its services in Hong Kong and other parts of the world. GoImpact has expanded to various countries outside of Hong Kong and Singapore since its founding in 2020, including Thailand, India, and the United Arab Emirates.

GoImpact CEO and co-founder Helene Li said:

"GoImpact is solving a massive pain point for the fast-growing and highly underserved market of education in ESG."

The organisation, which regards itself as an ESG "thought leader," offers case-based, experiential learning courses designed and delivered by specialists to advance the sustainability agenda. The firm also connects investors with long-term investment opportunities.

Following the United Nations Climate Change Conference in 2021, GoImpact has gained traction. Climate, education, health, inclusiveness, and biodiversity are among the five core areas where the company's learning courses are structured to coincide with the United Nations' sustainable development goals.

Dennis Yeung, chair and managing director of Oriental Watch Group, said:

"GoImpact has made impressive strides over the past year. ESG risks such as corporate governance, occupational health, waste reduction, and employee safety are of utmost importance to ensure we have a sustainable business.”

Source: Techinasia