WeeFin Secures €25 Million in Series B Funding

WeeFin, a fintech company specializing in sustainability solutions for financial institutions, has announced the successful completion of a €25 million Series B funding round. The investment was led by BlackFin Capital Partners, with participation from existing investors IRIS, Asterion Ventures, and Ring Capital. This latest funding comes just 15 months after the company's Series A round.

The capital injection will be used to enhance WeeFin's platform offering, strengthen its international presence, and support its growth in markets like the UK, where it recently opened an office. WeeFin currently serves over 40 customers across Europe, managing assets worth €6.9 trillion.

Julien Creuzé, Partner at BlackFin, and Chloé Novène, Investment Manager at BlackFin, commented on the investment, saying, "We have been following WeeFin since its inception and have been particularly impressed by the ability of its management team to execute its ambitious vision... At BlackFin, we share the founders' vision to establish WeeFin as the leading ESG data management platform for large financial institutions and asset managers."

Grégoire Hug, CEO and co-founder of WeeFin, added, "With BlackFin Capital Partners as one of our investors, WeeFin has the support it needs to make a definitive impact in Europe. We have always been convinced that sustainability is an essential and differentiating strategic element for financial institutions. This Series B not only confirms this vision, but also validates our clients trust and the relevance of our platform." WeeFin plans to use the funding to optimize its existing functionalities, launch new modules, and integrate new data sources to further support its clients' sustainability strategies. The company has seen significant growth, with international sales increasing from 0% to 30% and a fivefold increase in Annual Recurring Revenues in the last two years.