Iceberg Data Lab


Deal Type

  • Fundraising

Avolta is proud to have acted as the sole financial advisor to Iceberg Data Lab on its $10m equity financing with Beringea, Maif Avenir and other existing investors.

Iceberg Data Lab (“IDL”) is a leading provider of climate and biodiversity data solutions for financial institutions.

Financial institutions are contending with a surge in environmental regulation including the European Union’s Corporate Sustainability Reporting Directive (CSRD) and the EU Deforestation Regulation (EUDR), as well as the recently published recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD). These frameworks have strengthened rules and recommendations around environmental risk reporting, particularly the impact of investment portfolios on climate, nature, and biodiversity. Consequently, there is a heightened need for more accessible, more reliable, and higher quality environmental data.

IDL’s science-based datasets and products support the global financial community in responding to these regulatory frameworks: IDL’s differentiation lies in its unique calculation platform that models the footprint of corporate throughout their value chain, reconciling scalability and granularity.

The firm’s platform is already utilised by over 50 major financial institutions worldwide. Its biodiversity data solution is recognized as a market’s standard by the main financial institutions active in this thematic.

This round will enable Iceberg Data Lab to expand its presence globally, focusing on key strategic markets including the UK, developing the firm’s product pipeline, and investing in the latest technologies to enhance the data provider’s client solutions offering. The company is targeting a final close of its Series A at $11m.

Iceberg Data Lab’s transaction sets another landmark deal for Avolta in Fintech, having recently advised:
–    Updraft: 
£272m Debt and Equity Funding with Jefferies, Santander, Quilam
–    Raizers: sale to Empruntis (Groupe Mentor, Bridgepoint)
–    Moneytrans: €11m equity round with Axio Capital
–    Dejamobile: sale to MarketPay (Anacap)
–    Clearnox: sale to Isabel Group
–    Anytime: sale to Orange