Celsia raises pre-seed round to accelerate the development of the world’s most accessible sustainability scoring platform

Sunday, November 28, 2021
3 min read

The round included investors like Firda, RunwayFBU and StartupLab. Software profiles Thomas Falck, longtime SaaS investor, and Lars Boilesen, Opera Software CEO, participated in the round. 

Oslo, November 28, 2021:

Today, Celsia - provider of the world’s most accessible solution for determining a company’s sustainability score in accordance with the EU Taxonomy - announces it has raised its pre-seed in an oversubscribed funding round. Celsia’s software solution is recognized as a leading EU Taxonomy reporting & aggregation solution delivered as SaaS.

The funding round is Celsia’s first, and will allow the company to accelerate its path towards becoming the world’s most used platform to assess companies' performance against the EU Taxonomy criteria. Among Celsia’s customers are the publicly listed manufacturing company Quantafuel and transportation system company Q-Free.

“Celsia is an outstanding team, covering all disciplines required to develop market-leading sustainability software. We’re impressed by their development speed and professionalism in their go-to-market strategy”, says Tor Bækkelund, CEO of RunwayFBU.

“Firda, RunwayFBU and StartupLab make up a top-tier constellation of investors that complement each other, and we’re extremely eager to begin working with them. Their strong track records and experienced teams will help us accelerate our commercialization”, says CEO Petter Reistad.

Founded in 2021, Celsia is developing a sustainability management-as-a-service solution. Celsia aims to direct capital towards more sustainable companies by making it simple and inexpensive to measure and track a company’s capital flows. As one of the few in the world, Celsia’s solution is based on and compliant with the EU Taxonomy. The EU Taxonomy is the European Union’s new sustainability framework that more than 11,000 companies in the bloc are required to implement by 2022.

Celsia was founded by Cathrine Dehli, Morten Hillbom and Petter Reistad. Chief Product Officer (CPO) Cathrine Dehli has 25 years of experience from working with sustainability, having worked with companies that include Cognite, IKEA and Nordic Choice Hotels. Chief Technology Officer (CTO) Morten Hillbom has previously worked with Cognite and Cisco. Chief Executive Officer (CEO) Petter Reistad has a background from Cognite and DNB. 

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Lauga Oskarsdottir, at Firda Seed says:

“The Celsia team has impressed us from day one. Cathrine Dehli has over 20 years of experience with developing and implementing sustainability strategies for large corporations and startups, and Petter Reistad and Morten Hillbom are a highly dynamic duo with relevant experience from Cognite, and an unmatched drive and determination to deliver value to their customers. We are excited to contribute to their journey to create a new gold standard of sustainability reporting worldwide.”


About Firda

Firda is an investment company founded by serial entrepreneur Geir Førre, after his 3 successful exits with Energy Micro, Chipcon and Prox Dynamics. Since 2015 Firda has been an active technology investor with a focus on Norwegian technology companies that are highly scalable and have a positive impact on the world. Firda’s current portfolio includes Airthings, Ardoq, Disruptive Technologies, Zivid, Hystar, NoMy and Spoor. 

Contact person: Lauga Oskarsdottir, Partner, lauga@firda.com / +47 456 98 028

About RunwayFBU

RunwayFBU is an early Stage Venture Fund and tech hub founded by Kjell Inge Røkke, the major owner of Aker Group and among the most successful entrepreneurs in the Nordics together with Tor Bækkelund, former co-founder of StartupLab. RunwayFBU’s ambition is to support entrepreneurs building global companies solving important challenges by the use of data and technology. Our approach is founder friendly and gives access to Aker companies as key pilot clients. Being a part of Aker Group, that recently build Cognite to a unicorn in 4 years, and now building Aize, our backer is determined to support ambitious entrepreneurs. The bigger the ambition the more we listen.

Contact person: Tor Bækkelund, Managing partner, tor@runwayfbu.com / +47 416 95 241

About StartupLab

StartupLab is an incubator for ambitious tech entrepreneurs in Oslo and Bergen which also offers national accelerator programs, investments and industry partnerships. StartupLab was made by entrepreneurs - for entrepreneurs - and manages the Founders Funds on behalf of some of Norway's most successful tech entrepreneurs. Our founder friendly investment terms have become a business standard in Norway.

Contact person: Gisle Østereng, Head of Investments, gisle@startuplab.no /+47 928 92 551

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Celsia

Contact person: Petter Reistad, CEO, petter.reistad@celsia.io / + 47 948 99 405


By
Team Celsia
Celsia works to measure sustainability, to empower money. Celsia Taxonomy lets you assess your business against the new EU Taxonomy criteria, and produce the score and documentation to be required by authorities and banks.

Learn more about Celsia.
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