The Osborne Clarke team in Sweden has advised green fintech company Doconomy on its $17 million investment round led by Commerzventures and Mastercard. The funding will accelerate Doconomy’s continued expansion and support the further development of its impact applied portfolio; enabling impact calculations on transactions, lifestyle, products and companies of all shapes and sizes.

Doconomy is an impact-tech company headquartered in Stockholm helping financial institutions and companies to determine the CO2 balances of their customers' individual transactions. Banks, brands and fintechs, including BNP Paribas, Nordea, Standard Chartered, Proximus, Klarna and Ålandsbanken, are using Doconomy’s services. Doconomy’s transaction impact services are currently provided in Sweden, UK, France, Spain, Germany, Italy, Portugal, Denmark, Finland, Norway, Belgium, Austria, Netherlands, Poland, Australia, Canada, U.S., Sri Lanka, Taiwan and Pakistan.

The Osborne Clarke team was led by Partner Henrik Bergström, supported by Associates Soroosh Parsa and Rebecca Brindeby. Osborne Clarke has a market-leading international venture capital and investment practice and is widely recognized as a leading European law firm for companies operating in sectors of the technology, media and telecoms as well as energy and utilities, working with global businesses, investors to fast-growth start-ups and market challengers.

The transaction yet again demonstrates Osborne Clarke's commitment to and expertise within decarbonisation and transformation related deals and re-affirms the firm's position as leading advisor for green tech and transformation projects in Sweden.

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