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 firms develop, right now 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 workforce of advisors and buyers with deep retail business backgrounds.
“For firms in search of to work with enterprise shoppers, assembly sustainability compliance requirements is quickly turning into simply as important as SOC 2 certification,” mentioned 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, handbook course of.”
Mounting sustainability reporting necessities are placing elevated strain on many firms. Compliance and reporting take up about 40% of sustainability leaders’ time, which comes at a big alternative price.
Chilly’s platform helps sustainability leaders at main shopper manufacturers, equivalent to Bombas, Topo Designs, and Peak Design, centralize their reporting processes, liberating up time to concentrate on decreasing environmental influence.
Previous to founding Chilly, CEO Eric Dayton based Askov Finlayson, a local weather optimistic winter outerwear firm. Askov Finalyson is simply the fourth firm within the outside attire business to realize B Corp certification. Chilly’s co-founder, Dan Lindquist, has a historical past of constructing progressive SaaS options because the co-founder and former Chief Product Officer at Mainstreet.
With this funding, Chilly plans to develop its engineering workforce and speed up the event of latest product options, together with instruments for provider and product-level reporting.
“As a former founder within the attire business, I’ve skilled firsthand how sustainability reporting can suck treasured time and assets away from really decreasing a company’s environmental influence,” Dayton mentioned. “Chilly helps centralize and automate compliance so sustainability leaders can concentrate on the work that issues most. Partnering with York IE and their energetic capital offers us the assets 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 firms all over the world.
For added data 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 firms develop. York IE leverages a 200+ particular person international working workforce, knowledge and automation expertise, and deep ecosystem relationships to offer advisory as a service throughout R&D, GTM, and G&A and to selectively spend money on early-stage B2B SaaS startups. Founders, operators, and buyers in any respect phases depend on York IE to assist construct, scale and monetize their enterprise. Gas® your strategic progress at York IE.
