The investment will enable the enterprise software developer to scale up its product offering and expand its reach across sectors and regions.
Allinfra today announces the closing of its Series A financing round. Headquartered in Hong Kong, the company develops enterprise software designed to help institutions across a range of industries achieve their sustainability goals.
The $6 million investment was led by global financial services group Nomura, with participation from new and existing investors aligned with Allinfra’s mission to revolutionise climate finance markets.
The newly secured funding will be used to scale up product development and sales resources for its sustainability data management software, Allinfra Climate, and asset tokenization platform, Allinfra Digital, expanding Allinfra’s offering to clients across more industries and use cases.
“We are thrilled to benefit from the synergies and institutional support of Nomura,” said Dave Sandor, co-founder and CEO of Allinfra. “It’s validating to have leaders in the financial markets recognise the value of our technology and its ability to revolutionise climate-aligned products.”
With the UN’s goal to limit global warming to below 1.5 degrees Celsius, compared to pre-industrial levels, there is increasing pressure from almost all stakeholders in businesses and government entities to make a verifiable and lasting positive impact on the environment as soon as possible.
Green finance is a critical tool to achieve sustainability goals on the timeline needed. Yet, historically, the market has faced challenges around the collection of reliable, auditable data and the inability to permanently link data to non-digitised environmental financial products. Led by a team with decades of experience in environmental and capital markets, Allinfra uses the latest technology to solve issues in the market that currently impede positive climate action.
“Nomura is looking forward to working closely with Allinfra and leveraging their technology to develop and distribute digital asset products in the climate finance market,” said Olivier Dang, COO of Nomura Wholesale Digital Office.
