Rho Impact, Prime Partner, Completes Pre-Seed Funding

CHARLOTTESVILLE, Va., Nov. 20, 2023 /PRNewswire/ -- Rho Impact, developer of impact forecasting tools used by investors and companies managing trillions of dollars in assets, is excited to announce the successful completion of its $1.125 million pre-seed funding round. The round comprises technology investors, state-funded development agencies, social impact investors, and industry experts, including Preston-Werner Ventures (founded by Tom Preston-Werner, the co-founder of Github), Virginia Innovation Partnership Corporation (VIPC), 3rd Creek Ventures, the Charlottesville Angel Network, and veterans of the data and logistics industries.

Rho Impact partners with Prime Coalition to develop CRANE, a free tool used by over 4,000 investors and companies to estimate the emissions reduction potential of new technologies, and builds Gemini, an impact and ESG platform. Rho Impact serves both investors and operators, with clients as varied as Eclipse (a VC with ~$4B AUM focused on digitally transforming physical industries) and Gecko Robotics (AI-powered software and advanced robotics to ensure the reliability, availability and sustainability of the world's critical infrastructure).

"This financing underscores the growing demand for transparent, data-driven solutions to meet global sustainability targets," stated Gilman Callsen, CEO of Rho Impact. "I am thankful to add supportive early investors who are helping accelerate our progress."

To read the full press release, please visit PR Newswire.