AXA Investment Managers, Natixis IM and its affiliate Mirova, Sienna Investment Managers and Solactive have taken a minority stake in fintech firm Iceberg Data Lab (IDL), as part of its €5m Series A Funding.
Paris-based IDL is a fintech company specialising in ESG data for financial institutions. It has for example developed the Corporate Biodiversity Footprint, a biodiversity impact assessment tool.
AXA IM, Sienna IM, and Solactive told RI they acquired the stakes on company-level and that there was no lead investor.
Matthieu Maurin, Co-founder of IDL, explained that its shareholders are now split into three blocs: Management (IDL’s co-founders), the new pool of investors, and Paris-based environmental advisory firm, I Care & Consult.
Moving forward, the investors - who will each be represented on IDL’s Supervisory Board and thus have voting rights - will support the data provider’s expansion and product development, which includes data …