ImpactAlpha, Feb. 24 – Regulatory and stakeholder pressures have C-suites scrambling for ESG strategies, net zero goals, impact reports and carbon spreadsheets. More challenging: Actionable plans to transform companies.
“We found that executives and leaders at a lot of organizations were basically having trouble figuring out, ‘What are we going to do about it?’” Actual’s Karthik Balakrishnan told ImpactAlpha. Actual’s 3D-modeling software, he said, helps “solve the execution gap when it comes to the ESG transformation.”
The SimCity-like model combines a graph-based computing engine with a game-inspired interface to help executives understand the impact of changing energy sources, electrifying transportation or reducing waste and to answer the question: ‘What are we going to invest in to achieve our ESG goals?’
Investors in the $5 million seed round included Buckley Ventures, Social Impact Capital and Hyper.