Datia, a Stockholm, Sweden-based startup developing a SAAS solution that helps companies manage the EU’s new directive on sustainability reporting, raised a $3.4 million capital funding round.

The money was raised from the investors led by Nauta Capital, joined by existing backers, Söderberg & Partners and Sting, as well as by Accel’s scout Ramzi Rizk and by Paul Schwarzenholz (Zenloop founder).

Guillem Sague of Nauta Capital will also join Datia’s board of directors.

Datia, founded in 2019 by Manne Larsson and CEO Juan Manuel Serruya, offers digital products in sustainability analysis for investors. The company operates a mobile app called Invest Sustainably (Investera Hållbart), which helps individuals analyze their savings and inspire more sustainable alternatives. Datia also launched a Taxonomy Report – a SaaS solution that helps professional investors and financial companies manage the EU’s new directive on sustainability reporting. The taxonomy enables investors to redirect their investments towards more sustainable technology and sustainable companies, something that is crucial if the EU is to become climate neutral by 2050 and achieve the Paris Agreement’s goals for 2030.

Prior to that, Datia raised funding from Söderberg & Partners, also Datia’s customer, in 2020.