Ghent-based startup Karomia, a provider of CSRD reporting software for sustainability leaders, has raised €2 million from imec.istart, Entourage, and the imec.istart Future Fund.
- Established in 2024 by Jens Verhiest and Simon Hiel, Karomia develops CSRD reporting software that automates compliance and streamlines ESG reporting.
- The platform allows users to upload ESG documents, generate a CSRD or VSME-compliant report, and identify any missing information to ensure accuracy and auditor approval.
- Karomia simplifies the reporting process, helping businesses meet regulatory requirements efficiently, achieving a 90% workload reduction and 100% auditor acceptance, as the startup reports.
"There’s an increased demand for pragmatic ESG reporting solutions. Many companies, big & small, want to create a robust ESG report. That’s important for their employees, customers, banks, suppliers and stakeholders. It’s an accelerator in a sustainable transition. Our roadmap is very ambitious, just like our clients’, to put our sustainability journey on the fast lane," co-founder of Karomia, Jens Verhiest, stated.
Details of the deal
- The funding round was backed by imec.istart,a Ghent-based organization that supports tech startups, imec.istart future fund, and Entourage, a Ghent-based venture capital firm that invests in founders building high-growth B2B SaaS companies, with size tickets ranging between €300,000 and €2 million.
"We’re backing Karomia at a pivotal moment. Demand for practical ESG solutions is surging as companies of all sizes aim to understand their impacts and act decisively - key to thriving in today’s world. With an ambitious roadmap ahead, Karomia is accelerating the shift to sustainability, and we’re excited to support their journey," imec.istart future fund's team, commented on LinkedIn.
- Karomia will use the €2 million funding to enhance its AI-powered ESG platform, expand CSRD compliance support for SMEs, and develop tools for sustainability strategy implementation.
