MioTech Secures Series B+ Financing Round from Guotai Junan International and GIC

MioTech, the AI-based sustainability data and solutions provider, announced that it has raised investments from Guotai Junan International (1788:HK) and GIC in its latest series B+ funding round. The company's earlier investors include ZhenFund, Horizons Ventures, TOM Group, Moody's, and HSBC.

August 24, 2021. By News Bureau

MioTech, the AI-based sustainability data and solutions provider, announced that it has raised investments from Guotai Junan International (1788:HK) and GIC in its latest series B+ funding round. The company's earlier investors include ZhenFund, Horizons Ventures, TOM Group, Moody's, and HSBC.

The latest funding will be used to expand and accelerate MioTech's product development, cementing MioTech as the leading sustainability data and solutions provider for financial institutions, corporations, and individuals around the world. In addition to its unrivaled ESG data serving financial institutions, MioTech has developed advanced technical solutions to help corporations with ESG data reporting, energy efficiency management, carbon data tracking, and carbon reduction. MioTech has also recently launched its app Mio within WeChat to build green-conscious communities and promote low-carbon lifestyles among individuals.

"MioTech is committed to sustainable technology," said Jason Tu, Co-founder and CEO of MioTech. "With more and more world-renowned investors backing us, we look forward to scaling our technologies to serve more industries together with our investors and partners." 

Peter Chiu, Managing Director of Guotai Junan International Private Equity Fund, said, "while ESG concepts have rapidly emerged, MioTech has endeavored to make ESG data and sustainable technologies better defined and more efficient. Equipped with industry-leading artificial intelligence technologies such as natural language processing (NLP), MioTech has greatly reduced the difficulty of collecting and processing underlying data in such fields. MioTech further refines ESG evaluation criteria and provides comprehensive technical solutions for financial institutions and corporates. We trust MioTech will play an indispensable role in the sustainable development and carbon reduction movement in China and worldwide, as well as promote corporate governance and the implementation of ESG concepts. We recognize the vision and expertise of MioTech in ESG and sustainability and look forward to continuing our support of the company in the capital markets. Meanwhile, we would like to extend our strategic layout in the ESG field and work with MioTech together with our peers to draw a broader blueprint for ESG finance in the future."

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