Envoria Company Profile

Background

Company Overview

Envoria, established in 2018, is a Munich-based company specializing in sustainability and financial reporting solutions. The company offers a comprehensive software platform designed to assist large corporations and medium-sized businesses in analyzing, controlling, and reporting sustainability and financial metrics. Envoria's mission is to simplify and enhance the efficiency of daily sustainability and financial reporting tasks, enabling companies to grow in a manner that benefits both their business and the planet.

Mission and Vision

Envoria aims to promote sustainability by enabling companies to align profitability with environmental responsibility. The company focuses on making sustainability reporting straightforward, audit-proof, and compliant with regulations. Additionally, Envoria seeks to accelerate financial compliance by simplifying financial reporting processes, particularly in areas such as leasing accounting under IFRS 16 and revenue recognition under IFRS 15.

Industry Significance

In the context of increasing regulatory requirements for sustainability disclosures, Envoria plays a crucial role in assisting companies to meet these obligations efficiently. By providing a modular and user-friendly software solution, Envoria addresses the complexities of ESG reporting, thereby contributing to the broader goal of sustainable business practices.

Key Strategic Focus

Core Objectives

Envoria's primary objective is to provide an all-in-one software solution that simplifies sustainability and financial reporting for businesses. The company focuses on ensuring compliance with various regulatory frameworks, including the EU Taxonomy, Corporate Sustainability Reporting Directive (CSRD), and International Financial Reporting Standards (IFRS).

Areas of Specialization

Envoria specializes in several key areas:

ESG Reporting: Facilitating the collection and reporting of sustainability data in line with standards such as CSRD and ESRS.

Emissions Management: Quantifying greenhouse gas emissions and calculating corporate carbon footprints based on Scope 1, 2, and 3 emissions.

Climate Risk Assessment: Conducting analyses to evaluate and segment climate risks, defining mitigation actions in accordance with the EU Taxonomy.

Supply Chain Management: Streamlining risk assessments and monitoring supply chains to comply with regulations like the Corporate Sustainability Due Diligence Directive (CSDDD) and the German Supply Chain Due Diligence Act (LkSG).

Financial Reporting: Managing leasing contracts and revenue recognition to ensure compliance with IFRS 16 and IFRS 15 standards.

Key Technologies Utilized

Envoria's software platform is modular, allowing businesses to select and combine functionalities that meet their specific needs. The platform integrates various standards and regulations, providing pre-configured templates for aligned reporting. Regular software updates ensure continued compliance with evolving regulatory requirements.

Primary Markets Targeted

Envoria serves a diverse range of industries, including real estate, construction, and manufacturing. The company's solutions are designed for both large corporations and medium-sized enterprises, regardless of their location. Envoria also collaborates with consultancies to enhance their ESG and financial reporting services.

Financials and Funding

Funding History

In June 2022, Envoria secured a seven-digit seed funding round led by investors from the sustainability, regulatory, and consulting sectors. The round included participation from venture capital firms Brandenburg Kapital, Bavarian Sustainable Capital, and fino ventures.

Notable Investors

Brandenburg Kapital: A subsidiary of Investitionsbank des Landes Brandenburg (ILB), focusing on supporting Brandenburg-based companies through equity stakes and investments.

Bavarian Sustainable Capital: A Munich-based venture capital firm investing in companies contributing to a sustainable future.

fino ventures: A fintech company providing innovative B2B SaaS business models and strategic investments in startups.

Utilization of Capital

The funds raised are intended to strengthen Envoria's development team and build a sales network, enhancing the company's ability to meet the growing demand for ESG and financial reporting solutions.

Technological Platform and Innovation

Proprietary Technologies

Envoria offers a modular SaaS platform that allows businesses to customize their reporting solutions by selecting and combining various modules. This flexibility ensures that companies can tailor the software to their specific needs without requiring programming knowledge.

Significant Scientific Methods

The platform integrates various standards and regulations, providing pre-configured templates for aligned reporting. Regular software updates ensure continued compliance with evolving regulatory requirements.

Leadership Team

Executive Profiles

Sven Schubert: Co-Founder, Chief Executive Officer, and Managing Director. Sven leads the company's strategic direction and overall management.

Stefan Siemers: Co-Founder, Chief Financial Officer, and Managing Director. Stefan oversees the company's financial operations and planning.

Thimo Brinkmann: Co-Founder, Chief Technology Officer, and Managing Director. Thimo is responsible for the technological development and innovation of Envoria's platform.

Julian Göbel: Chief Sustainability Officer and Managing Director. Julian focuses on integrating sustainability initiatives and ensuring compliance with ESG standards.