HK-based ESG data firm MioTech raises Series B+ round from GIC, Guotai Junan

MioTech's co-founder and CEO Jason Tu. Photo from the company's Twitter account.

Hong Kong-based AI-driven sustainability data and solutions provider MioTech has raised a Series B+ funding round from Singapore sovereign fund GIC and listed securities company Guotai Junan International.

The financial terms of the deal remain undisclosed.

MioTech provides environmental, social and governance (ESG) data for financial institutions, as well as technical solutions to help corporations with ESG data reporting, energy efficiency management, carbon data tracking, and carbon reduction.

The company has also recently launched its app, Mio, within WeChat to build green-conscious communities and promote low-carbon lifestyles among individuals.

MioTech will use the latest funding to scale its technologies across more industries, the firm’s co-founder and CEO Jason Tu said in a statement.

Meanwhile, Guotai Junan International will support MioTech’s operations in the capital markets.

“Equipped with industry-leading artificial intelligence technologies such as natural language processing (NLP), MioTech has greatly reduced the difficulty of collecting and processing underlying data,” said Peter Chiu, managing director of Guotai Junan International Private Equity Fund.

Founded in 2016, Miotech had previously raised funding from ZhenFund, Horizons Ventures, TOM Group, Moody’s, and HSBC.

Prior to MioTech, Singapore’s GIC has backed a number of Chinese tech firms such as Aixuexi Education Group, SaaS developer Huice and used car dealer Uxin.

The sovereign fund’s co-investor, Guotai Junan International, set up its private equity fund last year to make investments in sectors including artificial intelligence, big data, autonomous driving, and biomedicine, among others.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.