Climeaction Embarks on Expansive Growth Journey with €2.3 Million Davy EIIS Fund Investment
In a landmark move for the climate action sector, we are announcing a significant €2.3 million investment from the 2022 Davy EIIS Fund. This funding, managed by BES Management DAC—a joint venture between Davy and BDO—is set to propel Climeaction’s ambitious growth strategy, focusing on US market expansion, digital product innovation, key staff augmentation, and capital projects development.
BES Management DAC, Ireland’s most seasoned BES/EIIS Fund manager with a 25-year legacy and over €225 million invested in 195 SMEs, spearheads this investment. The fund recognizes Climeaction’s unique position and exponential demand for its holistic business decarbonization approach, diverging from the industry’s traditional focus areas by addressing the entire supply chain’s carbon footprint, from raw materials to end-consumer.
“Sinead Heaney, Director of BES Management DAC and Partner at BDO Ireland, expressed her admiration for Climeaction’s achievements and market potential. “We are impressed by Paul Murphy and his team’s success and the significant market opportunity ahead. We’re committed to supporting their vision to scale and internationalize this crucial sector.”
Climeaction’s CEO, Paul Murphy, reflected on the partnership: “This investment from the Davy EIIS Fund marks a crucial milestone for us. It enables us to accelerate our mission, expand into new markets, and continue innovating in our quest for Climate Action & ESG excellence.”
As Climeaction charts its course for growth in 2024 and beyond, the backing from the Davy EIIS Fund is a testament to its potential to make significant strides in climate action and ESG performance.
