News Briefs

First Rate Ventures backs OWL ESG

No financial terms were disclosed.

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  • OWL ESG is an ESG-focused consultant
  • First Rate Ventures is a fintech venture firm
  • Ben Webster leads OWL ESG

First Rate Ventures has led a Series A investment in OWL ESG. No financial terms were disclosed.

OWL ESG is First Rate’s first investment from its recently launched $25 million venture fund
First Rate Ventures, a premier Dallas/Fort Worth-based FinTech-focused venture capital fund, today announced its first investment in OWL ESG from its recently launched $25 million venture capital fund. First Rate Ventures led the Series A investment round.

Led by ESG expert and entrepreneur Ben Webster, OWL ESG leverages machine learning and natural language processing to gather and aggregate ESG data from millions of sources.

“First Rate Ventures is excited to invest in the ESG and Sustainable Investing space. Ben Webster and team are not only providing ESG scores and underlying data but also regulatory reporting solutions in EMEA, APAC, and North American markets,” said First Rate Ventures Managing Director Marshall Smith. “In addition to providing capital, First Rate’s professional services is working alongside the OWL product teams to expedite and scale their ESG data, analytics, and software solutions.