What is Applied XL?
Applied XL operates as a next-generation B2B information company, dedicated to monitoring the health of people, places, and the planet to accelerate sustainable growth. The company designs sophisticated editorial algorithms that power real-time data products, offering substantial real-world utility to its clients. Its focus on tracking critical environmental and societal metrics positions it as a key player in the burgeoning field of sustainability-focused data analytics.
How much funding has Applied XL raised?
Applied XL has raised a total of $5M across 1 funding round:
Angel/Seed
$5M
Angel/Seed (2022): $5M with participation from Robin Lingg, Correlation Ventures, Tuesday Capital, Team Europe, Frog Ventures, Hearst Ventures, SAT, and Boston Globe Media
Key Investors in Applied XL
Correlation Ventures
Correlation Ventures is focused on reinventing industries through innovative investment strategies. They provide groundbreaking data science to help companies like Synthorx and Personal Capital transform their respective fields. The firm aims to support businesses in making rapid investment decisions, enabling them to achieve lasting value.
Tuesday Capital
Tuesday Capital is a venture capital firm founded in 2011 and based in San Francisco, California. The company maintains a variety of relationships with other VC firms and works alongside them.
Hearst Ventures
Hearst Ventures is the global venture capital division of Hearst, a leading global, diversified media, information and services company. Founded in 1995, the group has grown to become one of the most active and successful corporate venture funds with more than $1 billion invested to date.
What's next for Applied XL?
With this recent major strategic investment, Applied XL is poised for accelerated expansion and product development. The substantial enterprise-level funding suggests a focus on scaling operations, enhancing its data product suite, and potentially broadening its market reach. Future initiatives will likely involve further leveraging its proprietary editorial algorithms to provide deeper insights into sustainable practices and global well-being, solidifying its role as a vital information provider for businesses committed to ESG principles.
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