YvesBlue

YvesBlue - developer of ESG service (Environment - responsible attitude to the environment; Social - high social responsibility, Governance - high quality of corporate governance) for financial organizations.

History

2022: $5 million investment from Day One Ventures and others

On May 5, 2022, YvesBlue announced the attraction of $5 million in investments. Illuminate Financial led the round, which also included Aflac Ventures, Tribeca Early Stage Partners, SixThirty, a fund with Russian roots Day One Ventures and Walter Ventures.

YvesBlue - Developer of a data analysis and reporting platform for ESG analysis and portfolio management. The company's platform offers industry metrics, an optimized management system, a consolidated dashboard, specialized reporting, carbon budget analysis and news-based analysis, providing investment companies and institutions with a clear understanding of the state of their portfolio and the risks associated with it.

Fund with Russian roots Day One Ventures invested in American developer of asset management software

According to YvesBlue CEO Anna-Maria Vasher, the ESG technology market has indeed exploded over the past year, but most of the funding is still sequestered in carbon accounting. Firms pay at least $20 000 per year for the use of software, and the cost of additional modules increases to $75 000 - $100 000. YvesBlue have about a dozen clients. Modules include visualization of data for analysts who can use it in reports to shareholders or regulators. YvesBlue uses data only for public companies, but works to create a module that combines data on private companies.

Vasher emphasizes that the company is not YvesBlue trying to become another data broker in the field of ESG, since many companies and reputable groups such as Moody's already claim this area.

Instead, the company wants to aggregate the data and customize the analysis according to the firm's initiatives, for example, weighting carbon dioxide emissions differently or board diversity data depending on what the firm wants to prioritize.^[1]

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