<aside> ⏰ Under Embargo until 5:00 AM CET, October 12th, 2023
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Brussels, October 12th, 2023: Wequity, the AI platform that automates ESG tasks for investors and corporates, today announces the release of advanced AI capabilities in its ESG Due Diligence and ESG Reporting solutions, enabling clients to save significant amount of time in reporting and data management, and improve their efficiency and accuracy.
This significant enhancement not only reaffirms Wequity's commitment to innovation but also provides a solid ground for the company to embark on new horizons, such as its forthcoming expansion into Luxembourg. This strategic move marks a pivotal milestone with a primary focus on establishing trust and a robust foundation among clients in the Luxembourg market.
Wequity has recently partnered with delaware, and raised a €1.1M seed funding round with the participation of a robust panel of investors, including Piet Colruyt, Founder of Impact House; Peter Hujoel, Partner at Rivean Capital, and Sebastiaan De Boe, Partner at Balyasny Asset Management, and Birdhouse, among others. This exciting new phase in Wequity's journey marks the start of building their mark, trust and confidence among key players in the industry.
Founded in 2021 by Gabriel Levie and Franck-Victor Laurant while they were still students in Belgium, Wequity came with the idea of using data solutions to enable investors and companies to implement their sustainability commitments.
With Environmental, Social, and Governance (ESG) factors gaining significant importance in both business and investment decisions, new regulations and requirements are stepping into the spotlight. The proliferation of regulatory requirements has brought forth a major challenge for both companies and financial institutions: the lack of reliability, comparability, and availability of data, as well as costly data collection processes.
To address the laborious and time-consuming nature of data gathering data, Wequity emerges as an innovative solution provider, helping organisations navigate ESG data collection, obligations and risks through fast and accessible AI-automated solutions. This has led to collaboration with BEL20 companies and prominent asset managers.
“At Wequity, our aim has always been to eliminate the barriers companies face in implementing their sustainability ambitions. With our new advanced AI capabilities, we're taking care of the difficult ESG data collection and reporting, enabling businesses to focus more on their core ESG goals and less on the intricacies of data management.”
Franck & Gabriel, Co-founders of Wequity
This philosophy has garnered support from a wide variety of investors and advisors such as Hendrik Isebaert (CEO at Showpad), Guillaume V. Rijckevorsel ( Ex-Head of Operations at Darts-IP & COO at Soil Capital), Justin Kew (Senior ESG Analyst at BAM), François Grandjean (Ex-CTO at Darts-acquired by Clarivate), Walter Luyten (Investor at BAN Vlaanderen), and Christophe Maurissen (Managing Director Alcotra Europe at Alcogroup) who brought together a variety of European investors such as Lionel Desclée (CEO at The Very Group) with Constantin Meeus (Global Risk and Trading at Alcotra SA). Through the Birdhouse, Wequity also benefits from advice from Frederik Neus (Founder of Zentrick - acquired by DoubleVerify), Davy Kestens (Founder of SparkCentral - acquired by Hootsuite), Wim Allegaert ( CFO at Threon) and Marc Troch ( Experienced Executive in the financial sector).
“Very proud to be backing Gabriel, Franck and the amazing Wequity team. Big market opportunity, ambitious team, amazing technology and great pipeline of customers. Couldn’t be more excited to be part of the Wequity journey.”