Karomia, a Ghent, Belgium-based provider of AI-powered ESG reporting solutions, has secured €2 million in funding.
Investors
The round was led by Entourage, imec.istart Future Fund, and imec.istart Fund.
Entourage is a venture capital firm and venture studio based in Ghent, Belgium. Founded in 2024, the firm specializes in early-stage investments in the B2B and SaaS sectors. Entourage provides funding, strategic guidance, and expertise to help companies scale operations, expand market presence, and achieve long-term success.
imec.istart Future Fund is an independent early-stage venture capital fund established to support exceptional companies, primarily within the imec.istart ecosystem. It targets late seed to Series A stages in companies based in Belgium, the Netherlands, and Italy.
imec.istart is a Belgian accelerator program established in 2011 dedicated to supporting technology startups. It offers pre-seed funding, personalized coaching, and access to a vast network of industry experts and investors. This fund primarily invests in companies within the imec.istart ecosystem, aiming to empower exceptional startups and accelerate their growth.
Karomia's Use of Funds
The company plans to use the funds to refine and enhance its platform, making CSRD compliance more accessible for businesses of all sizes, including small and medium-sized enterprises (SMEs).
About Karomia
Founded in 2024 by Jens Verhiest, Luc Machiels, and Simon Hiel, Karomia offers an AI-powered solution designed to simplify and streamline ESG (Environmental, Social, and Governance) reporting, with a focus on the Corporate Sustainability Reporting Directive (CSRD). The company's platform uses AI to automate the generation of CSRD-compliant ESG reports by analyzing company data, filling out reports, and flagging missing information. Karomia serves over 45 companies across Europe and the US.
Funding Details
Company: Karomia BV
Raised: €2.0M
Round: Unknown
Funding Date: February 2025
Lead Investors: Entourage, imec.istart Future Fund, imec.istart Fund
Company Website: https://www.karomia.eu/
Software Category: ESG Reporting and Sustainability
Source: https://www.karomia.eu/blog/karomia-raises-eu2m-for-its-ai-platform-that-writes-csrd-compliant-esg-reports-in-hours-not-months