Hungarian sustainability startup Denxpert raises €1M from Sofia Angels Ventures

Sofia Angels Ventures, backed by EIF for angel and private co-investments, has announced the investment in the Budapest-based sustainability startup Denxpert to scale and expand it internationally. Obuda Uni Venture Capital also participated in the financing.

About Denxpert

  • Denxpert is an EHS & Sustainability and ESG management consulting and software as a service provider with over 15 years of experience in the Sustainability, Environment, Health & Safety field. Its main focus is to provide organizations a one-stop-shop that enables swift and hustle-free management of applicable EHS&S legislations, obligations and optimized processes.
  • Among its clients are over 500 companies worldwide (MOL, Telekom, Mercedes, E.On, Vantage DC, Rauch, PPF, Vienna Airport.

Denxpert plans to meet an exponentially growing market demand, as changing social and business expectations and various EU and national regulations require companies to publish more detailed and transparent sustainability data than ever before. I consider this seed round to be outstanding not only for its scale, but also for its market message, signalling the recognition of the increasingly prominent role of ESG in business,

Róbert Szücs-Winkler, CEO of denxpert, said

Investment details

  • Sofia Angels Ventures, a €13 million venture fund backed by EIF for angels and private co-investment and headquartered in Sofia, led the current round. In November 2023, Sofia Angels Ventures joined a €9 million round for German AI startup Retorio.
  • The Budapest-based Obuda Uni Venture Capital, a fund focusing on deep tech, AI, robotics and medtech startups and early stage ventures also participated. This is the first investment by ÓUVC, founded in 2023.

The fresh investment will help Denxpert meet the growing demand for detailed and transparent sustainability data, especially with the new EU regulations (CSRD) arriving, and expand internationally.