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Sustashift has acquired the assets of Tofuture, aiming to consolidate the sustainability analytics market and offer a more comprehensive solution to customers across five countries.
Founded
2023
Team
2-10
Sustashift is a trusted partner across industries in strategy, compliance, and sustainability. Sustashift provides a structured framework that guides companies through each requirement to ensure compliance with EU sustainability standards and eliminates the manual work. Sustashift offers products for CSRD & VSME reporting, GDPR compliance, whistleblowing channels, and more. Sustashift provides compliance, sustainability & strategy services to enhance business performance, comply with regulation, and mitigate litigation and reputational risks. Sustashift offers a turnkey CSRD reporting solution for large corporations and smaller companies in compliance with ESRS and VSME standards. Sustashift provides an automated EUDR reporting platform which ensures a smooth process from start to finish, including the final report to the EU-Traces system. Sustashift's software is created with the utmost privacy & security in mind to ensure the safe keeping of company information.
Sustashift has acquired the assets of Tofuture. As regulatory requirements on sustainability continue to change and evolve, the market is consolidating towards fewer, stronger platforms. Customers require more comprehensive solutions that can cover all aspects of an evolving regulatory environment. With this acquisition, we now serve customers across 5 countries, with a significant increase to annual recurring revenue. For customers this will mean: - More comprehensive solution - Larger and more capable team - Single reliable partner capable of handling all customer requirements We see this as a natural step towards becoming the leading platform for sustainability analytics, compliance and reporting. “Sustashift is building the category-defining platform for sustainability reporting. This acquisition is a decisive step in that direction, and we're excited to support the team as they scale,“ comments Dr. Terhi (TJ) Vapola, Founder & Managing Partner of Greencode Ventures. We welcome all Tofuture’s customers and feel honored to be able to serve an ever-increasing number of leading Nordic businesses.
Historical revenue trajectory for mentioned companies
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