The agency led an oversubscribed $2.65 million pre-seed spherical for the sustainability administration platform firm.
(MANCHESTER, N.H., Oct. 31, 2024) — York IE, an advisory and enterprise capital agency that helps expertise corporations develop, right this moment introduced its funding in Chilly, the sustainability administration platform that leverages AI to streamline compliance for organizations of all sizes.
York IE led the oversubscribed $2.65 million pre-seed spherical, with participation from Higher Ventures and a group of advisors and traders with deep retail trade backgrounds.
“For corporations in search of to work with enterprise purchasers, assembly sustainability compliance requirements is quickly turning into simply as important as SOC 2 certification,” stated Marshall Everson, VP of Investments & Technique at York IE. “Chilly’s sustainability administration platform simplifies compliance by centralizing various compliance frameworks and utilizing AI to automate what was beforehand a tedious, guide course of.”
Mounting sustainability reporting necessities are placing elevated strain on many corporations. Compliance and reporting take up about 40% of sustainability leaders’ time, which comes at a major alternative price.
Chilly’s platform helps sustainability leaders at main client manufacturers, corresponding to Bombas, Topo Designs, and Peak Design, centralize their reporting processes, releasing up time to concentrate on lowering environmental influence.
Previous to founding Chilly, CEO Eric Dayton based Askov Finlayson, a local weather optimistic winter outerwear firm. Askov Finalyson is just the fourth firm within the outside attire trade to attain B Corp certification. Chilly’s co-founder, Dan Lindquist, has a historical past of constructing revolutionary SaaS options because the co-founder and former Chief Product Officer at Mainstreet.
With this funding, Chilly plans to develop its engineering group and speed up the event of recent product options, together with instruments for provider and product-level reporting.
“As a former founder within the attire trade, I’ve skilled firsthand how sustainability reporting can suck valuable time and sources away from truly lowering a company’s environmental influence,” Dayton stated. “Chilly helps centralize and automate compliance so sustainability leaders can concentrate on the work that issues most. Partnering with York IE and their lively capital offers us the sources to proceed furthering that mission.”
Chilly is a part of York IE’s tenth funding cohort. The agency has now introduced practically 70 investments in additional than 50 corporations world wide.
For extra info on the York IE portfolio and funding philosophy, go to york.ie/investments.
ABOUT YORK IE
York IE is an advisory and enterprise capital agency that helps expertise corporations develop. York IE leverages a 200+ particular person world working group, knowledge and automation expertise, and deep ecosystem relationships to offer advisory as a service throughout R&D, GTM, and G&A and to selectively put money into early-stage B2B SaaS startups. Founders, operators, and traders in any respect levels depend on York IE to assist construct, scale and monetize their enterprise. Gas® your strategic progress at York IE.
