Terralytiq, a decarbonization SaaS start-up that helps companies reduce their carbon footprint, is delighted to announce the successful completion of its pre-seed fundraising round, securing an impressive $1 million in funding from 17 distinguished individual investors through a Simple Agreement for Future Equity (SAFE). The funding round took place in June and July and has exceeded the company’s expectations, showcasing the strong confidence and interest from professional angel investors in Terralytiq’s groundbreaking technologies and vision.
Terralytiq’s management team expresses profound gratitude for the trust and overwhelming support demonstrated by the esteemed group of angel investors. Their quick reactions and enthusiastic participation played a pivotal role in facilitating the swift closure of the funding round in just under two months, underscoring the market’s recognition of Terralytiq’s potential and its commitment to innovation in the decarbonization SaaS domain.
The raised capital will empower Terralytiq to accelerate the development of its clean technologies library, and its cutting-edge end-to-end decarbonization platform for SMEs, and fuel research and development efforts by helping to expand its team of dedicated experts. With the additional financial backing and access to invaluable expertise, Terralytiq is poised to revolutionize the decarbonization SaaS and address pressing global challenges with data-driven solutions.
“We are humbled by the level of interest and support we received from our angel investors during this pre-seed fundraising round. Their backing not only validates the potential of our technology but also reaffirms our mission to harness the power of green technology analytics for a sustainable and decarbonized future,” said Alexander Pfeiffer, Co-Founder and CEO of Terralytiq.
As Terralytiq moves forward with this new infusion of funds, it remains committed to maintaining transparency and providing regular updates to its investors and stakeholders. The company is focused on driving innovation and creating value through its pioneering technology while upholding the highest standards of ethical business practices.
