1 The EIC Accelerator Project

EIC Accelerator Program Overview

The EIC Accelerator program, part of the European Innovation Council (EIC), is designed to support small and medium-sized enterprises (SMEs) and startups in Europe, particularly those engaged in innovative and high-impact projects. The program focuses on deep technology ventures that have the potential to create significant economic and social impacts. By providing funding and support, the EIC Accelerator aims to foster innovation, facilitate the scaling of businesses, and enhance the competitiveness of European industries on a global scale.

Funding Structure

The EIC Accelerator offers a dual funding model comprising grants and equity investments. The grant component can amount to up to €2.5 million, aimed at covering the costs associated with innovation development, including research, prototyping, testing, and market entry. This funding is particularly beneficial for early-stage projects that require substantial investment in development before they can generate revenue.

In addition to grants, the EIC Accelerator provides equity financing, which can reach up to €15 million until 2024. Starting in 2025, this amount will be reduced to a maximum of €10 million. The equity component is designed to complement the grant, helping startups and SMEs secure the necessary capital to scale their operations and commercialize their innovations effectively. This dual approach ensures that companies have the financial resources to accelerate growth while attracting further investment from private sectors.

Purpose in the European DeepTech Ecosystem

The EIC Accelerator plays a crucial role in the European DeepTech and startup ecosystem by identifying and nurturing innovative companies that can drive sustainable economic development. By focusing on deep technology—areas such as artificial intelligence, biotechnology, and advanced materials—the program aims to address significant societal challenges, including climate change, health crises, and digital transformation.

The EIC Accelerator not only provides financial support but also enhances access to mentorship, networking opportunities, and strategic partnerships. This ecosystem of support is essential for startups to navigate complex regulatory environments, scale operations effectively, and engage with potential investors. The program ultimately seeks to strengthen Europe's position as a global leader in innovation and technology.

Role in Scaling Companies

The EIC Accelerator facilitates the scaling of companies by providing a structured pathway to funding and commercialization. Through its rigorous selection process, the program identifies promising projects and offers tailored support to enhance their business models and market strategies. The equity investment component encourages startups to leverage additional private funding, thereby amplifying their financial resources and market reach.

Furthermore, the EIC Accelerator connects entrepreneurs with industry experts and potential customers, fostering collaboration that can accelerate product development and market entry. This comprehensive support system is vital for startups to overcome common challenges associated with scaling, such as resource constraints, market validation, and competitive pressures.

Case Study: Tanso Technologies GmbH and the TCF Project

Company Overview:
Tanso Technologies GmbH, based in Germany, is an innovative company focused on sustainability solutions within the manufacturing sector. The company was awarded funding through the EIC Accelerator for its project known as TCF (Tanso Total Carbon Footprint).

Project Description:
The TCF project is centered around developing an AI-based Total Carbon Footprint solution aimed at promoting a low-carbon European manufacturing sector. The initiative recognizes the urgent need for industries to monitor and mitigate their carbon emissions in response to global climate change challenges. By providing manufacturers with precise data on their carbon footprints, Tanso aims to enhance transparency and drive significant reductions in greenhouse gas emissions.

Technology Basics and Background:
The TCF solution leverages advanced artificial intelligence algorithms to analyze and calculate the carbon emissions associated with various manufacturing processes. This technology integrates data from multiple sources, including production line operations, energy consumption, and supply chain logistics, to offer comprehensive insights into a company's overall carbon footprint.

The use of AI enables Tanso Technologies to provide real-time analysis and predictive modeling, allowing manufacturers to identify inefficiencies and implement targeted strategies for emission reduction. The platform not only facilitates compliance with environmental regulations but also helps companies optimize their operations for cost savings and improved sustainability.

In summary, the EIC Accelerator program is a pivotal initiative in supporting innovative startups like Tanso Technologies GmbH, providing vital funding and resources to foster growth and sustainability in the European manufacturing sector. The TCF project exemplifies how technology can be harnessed to address pressing environmental challenges while promoting economic development.

2 The Funding Rounds

Tanso Technologies GmbH: Financing and Funding Overview Since EIC Accelerator Success

Tanso Technologies GmbH, a Munich-based software company specializing in carbon accounting for industrial companies, has shown notable fundraising momentum since submitting its Step 2 proposal to the EIC Accelerator on October 5, 2022, and later winning in the Step 3 interview.

Financing Raised

• Total Known Funding (since inception): Over €8.1 million.
• Key Components:
• Pre-seed funding round of €1.6 million (October/September 2021).
• Seed funding round of €4 million (April/May 2023).
• EU innovation grant via EIC Accelerator of €2.5 million (March 2023).

Funding Rounds: Timing and Amounts

Date	Round	Amount	Investors / Source
Sep/Oct 2021	Pre-seed	€1.6m (~$1.9m)	UVC Partners, Picus Capital, Possible Ventures, business angels
Mar-April 2023	EU Grant	€2.5m	European Innovation Council (EIC) Accelerator
Apr-May 2023	Seed	€4m	Capnamic (lead), UVC Partners

• The pre-seed round was announced September/October 2021 and led by UVC Partners with participation from Picus Capital and Possible Ventures.
• In March–April 2023, Tanso received a significant boost from two sources:
• A €2.5M grant under the prestigious EIC Accelerator program.
• A €4M seed financing round, led by Capnamic with participation from existing investor UVC Partners.
• The combined public announcement in April noted a total growth capital raise of €6.5 million, incorporating both the seed equity investment (€4M) and the non-dilutive EU grant (€2.5M).

Investor Information

Key Investors

• UVC Partners: Lead investor in pre-seed; participant in seed.
• Capnamic: Lead investor for seed round.
• Picus Capital: Participated at pre-seed stage.
• Possible Ventures: Joined at pre-seed stage.

Notable Comments

Investors highlighted Tanso’s rapid product development cycle addressing regulatory changes such as the Corporate Sustainability Reporting Directive (CSRD), positioning it well for growing demand among mid-sized industrial companies.

Company Valuations & Exit Events

There is no public information available regarding specific company valuations at any funding stage or related to any secondary transactions.

As of May 2025:

No reported exit events such as IPOs or acquisitions/buyouts involving Tanso Technologies GmbH have occurred.

Additional Notes on Grants & Use of Funds

The non-dilutive innovation grant from the European Innovation Council supported continued product development—the launch and expansion of “Corporate Carbon Footprint” products—and enabled hiring across key technical roles to accelerate growth ambitions. The equity rounds also targeted scaling engineering teams for further software suite enhancements.

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Sources

• Tanso receives €6.5 million financing to decarbonize European industry
• Tanso receives USD 1.9 million pre-seed financing

-Tanso receives €1.6 million pre-seed funding

-<a href="https://legal.pwc.de/en/news/press-releases/pwc-legal-advises-capnamic-on-

-[Tanso banks a seed for its CO₂ footprint software](https://techcrunch.com/2023/04/19/tanso-seed/" class="inline-link" target="_blank" rel="noopener noreferrer">PwC Legal advises Capnamic on 4 million Euro seed financing round

-SpaceTech Dealroom profile – TANSO

3 The Press Releases

Tanso Technologies GmbH: Innovations and Updates Since EIC Accelerator Funding

Tanso Technologies GmbH, a Munich-based software company, was a recipient of the EIC Accelerator funding in October 2022. Since then, Tanso has continued to innovate and expand its carbon intelligence offerings for industrial manufacturing companies.

Technology Advancements

Tanso has been developing a holistic carbon accounting methodology to bridge gaps between standards and requirements, aiming to make carbon calculations scalable and accessible for effective reductions across businesses. This technology is pivotal in supporting the decarbonization of hard-to-abate industries, aligning with the EU's goal to reduce greenhouse gas emissions by 55% by 2030.

Partnerships and Collaborations

Tanso collaborates with leading players in the automotive, machine manufacturing, and steel industries to enhance its software for European manufacturers. Additionally, it has an exclusive collaboration with the German Engineering Federation (VDMA) to expand its product portfolio, including Product Carbon Footprints (PCFs), considered critical for effectively decarbonizing supply chains.

Funding and Investments

Tanso received €2.5 million in innovation financing from the European Union through the EIC Accelerator program for its carbon intelligence platform. In April 2023, Tanso secured an additional €6.5 million in financing to further support the decarbonization of European industries.

Team and Operations

The founding team includes Gyri Reiersen, Till Wiechmann, and Lorenz Hetzel. Since its initial pre-seed funding in October 2021, Tanso has grown significantly, with its workforce expanding to around 20 employees.

Press Releases and Updates

Tanso shares updates and press releases primarily through its blog and social media channels. These updates often highlight advancements in carbon accounting software and the company's role in supporting EU decarbonization goals.

Website and Social Media Presence

Tanso's official website, www.tanso.io, serves as a central platform for information on its carbon intelligence suite and company updates. Social media channels are used to disseminate news and engage with stakeholders.

Sources

• EIC Accelerator winners and statistics October 2022
• Tanso secures €2.5m in innovation financing from the European Union
• Tanso receives €6.5 million financing to decarbonize European industry

4 The Technology Advancements

Tanso Technologies GmbH: Current Capabilities and Advancements

Tanso Technologies GmbH, a Munich-based software company, specializes in carbon accounting and sustainability reporting for industrial manufacturers. Since receiving the EIC Accelerator funding in October 2022, the company has made significant advancements in its technology and market presence.

Current Capabilities

Tanso offers a comprehensive carbon intelligence suite that enables industrial companies to gather, manage, and report carbon footprint emissions across Scope 1–3 levels. Their software supports corporate carbon footprint (CCF) and product carbon footprint (PCF) calculations, aligning with leading standards such as the GHG Protocol, ISO 14064, and GRI. Tanso's platform is designed to integrate with existing IT infrastructures, providing intuitive analytics dashboards for efficient emissions management.

Advancements Since EIC Accelerator Funding

Following the funding, Tanso secured additional financing of €6.5 million in early 2023, which included a €2.5 million innovation grant from the European Union under the EIC Accelerator program and a €4 million seed raise led by Capnamic. This funding has supported the expansion of Tanso's product portfolio and the development of more modular software solutions to better serve manufacturers' needs.

Technology Improvements and New Features

Tanso has focused on enhancing its carbon accounting methodology, aiming to bridge gaps between different standards and requirements. The company is developing a holistic approach to make carbon calculations more scalable and accessible, facilitating effective carbon reductions across businesses. Additionally, Tanso has been working on integrating product carbon footprints (PCF) into its offerings, which is considered crucial for decarbonizing supply chains. This is part of an exclusive collaboration with the German Engineering Federation (VDMA), offering PCF calculations for its 3500+ members.

Market Demonstrations and Customer Adoption

Tanso has demonstrated its technology with a growing number of customers, primarily in the automotive, machine manufacturing, and steel production sectors across the German-speaking DACH region. The company's customer base has increased significantly since its initial product launch, with double-digit customer numbers reported by early 2023. Tanso works closely with partner companies to tailor its solutions to their specific needs, ensuring seamless integration and effective emissions management.

Patents, Scientific Studies, and Whitepapers

There is no published information indicating that Tanso has filed new patents or published scientific studies or whitepapers since receiving the EIC Accelerator funding. However, their ongoing product development and collaboration with key industry partners continue to enhance their offerings in carbon accounting and sustainability reporting.

Sources

• Tanso Receives €6.5m to Decarbonize the European Industry
• Tanso banks a seed for its CO2 footprint software for industrial
• Tanso receives €6.5 million financing
• 6 Green Fintech Startups from the DACH Region to Follow in 2024
• Tanso 2025 Pricing, Features, Reviews & Alternatives
• Tanso secures €2.5m in innovation financing from the European Union

5 The Partnerships and Customers

Tanso Technologies GmbH: Strategic Partnerships and Market Positioning Post-EIC Accelerator Funding Since securing €2.5 million in March 2023 through the EU’s EIC Accelerator program, followed by an additional €4 million seed round led by Capnamic, Munich-based Tanso Technologies has deepened collaborations with industrial entities and investors to advance its decarbonization software for manufacturing sectors. Below is an analysis of its partnerships, customer base, and strategic trajectory:

Key Partnerships

• VDMA (German Engineering Federation): Tanso collaborates exclusively with VDMA to develop Product Carbon Footprint (PCF) tools for over 3,500 member companies. This partnership focuses on standardizing emissions calculations for machinery and equipment manufacturers.
• Investor Consortium: Led by Capnamic and UVC Partners, investors emphasize Tanso’s alignment with regulatory demands like the EU Corporate Sustainability Reporting Directive (CSRD). Their support aims to enhance product modularity and scalability.

Customer Base & Use Cases

Tanso serves mid-sized industrial manufacturers in the DACH region (Germany, Austria, Switzerland), particularly in automotive, steel production, and machine manufacturing. Clients leverage its Climate Intelligence Suite for:

• Scope 1–3 Emissions Reporting: Automated data imports from ERP systems streamline compliance with CSRD and Science-Based Targets initiative (SBTi).
• Product-Level Decarbonization: Early adopters report time savings of up to 50% in subsequent reporting cycles using Tanso’s hotspot analysis tools.

Strategic Relationships Driving Market Positioning

The EIC grant accelerated R&D for PCF capabilities critical to supply chain decarbonization. By integrating VDMA’s industry expertise directly into software workflows—such as automated benchmark comparisons—Tanso reduces adoption barriers for manufacturers lacking sustainability resources. The seed funding enables hiring across product development teams to expand functionalities like supplier engagement modules.

Technology Advancements & Scaling Mechanisms

• Regulatory Alignment: Pre-built templates ensure compliance with evolving standards such as ESRS/CSRD while maintaining audit security via transparent emission factor tracking.
• Data Interoperability: ERP integrations minimize manual data entry errors; future updates aim to incorporate AI-driven supplier collaboration features highlighted during TechCrunch interviews.

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Sources

• Tanso receives €6.5 million financing - Company Blog (2023)
• Sustainability software features - Official Website
• PwC Legal advises on €4M seed round - PwC Legal Announcement (2023)

6 The Hiring and Company Growth

Tanso Technologies GmbH: Growth and Development Post EIC Accelerator Funding

Tanso Technologies GmbH, a Munich-based climate tech startup, received EIC Accelerator funding in October 2022. The company specializes in providing software solutions for industrial manufacturers to manage their sustainability reporting and carbon accounting.

Current Headcount and Team Size

As of early 2023, Tanso's team size was around 20 employees, with plans to expand further.

Hiring and Team Growth

Following the funding, Tanso has been actively hiring to enhance its capabilities, particularly in life cycle assessments and data analytics. This expansion is aimed at developing additional product modules and boosting sales efforts for its core product.

Recent Hires and Positions

While specific details about recent hires are not available, Tanso's focus on expanding its expertise in life cycle assessments and data analytics suggests that these areas are key for its growth strategy.

Impact of New Team Members

The addition of new team members, especially in specialized areas like life cycle assessments and data analytics, is crucial for Tanso's future growth. These hires will enable the company to develop more comprehensive sustainability reporting tools, thereby enhancing its ability to support industrial manufacturers in managing their environmental impact. This expansion also positions Tanso to scale its operations effectively, catering to a broader customer base across Europe.

Major Changes in Management or Founding Team

There are no reported major changes in the management or founding team of Tanso since receiving the EIC Accelerator funding.

Growth and Scalability

Tanso's growth strategy is strongly aligned with the EU's goal of becoming climate-neutral by 2050. The company has secured funding to expand its product offerings and enhance its market presence, particularly in the DACH region. Its focus on industrial manufacturing, a sector with significant carbon footprint potential, places Tanso in a strategic position to leverage increasing demand for sustainability reporting solutions.

Future Prospects

With its expanded team and enhanced product capabilities, Tanso is poised to play a significant role in helping European industrial manufacturers meet stringent sustainability reporting requirements. As regulatory demands continue to evolve, Tanso's expertise will be increasingly valuable, enabling the company to scale and grow in a rapidly changing market environment.

Sources: - Tanso banks a seed for its CO2 footprint software for industrial manufacturers

• Tanso nabs $1.9M pre-seed to help industrial manufacturers do sustainability reporting
• Tanso Technologies - GitHub

7 The Media Features and Publications

Overview of Tanso Technologies GmbH

Tanso Technologies GmbH, based in Munich, Germany, is a pioneering sustainability tech start-up that focuses on providing innovative solutions for carbon accounting and sustainability management in industrial manufacturing. Since receiving the EIC Accelerator funding in October 2022, Tanso has continued to develop and expand its offerings to support companies in achieving climate neutrality.

Media Features and Publications

Tanso Technologies has been featured in various media outlets and publications, particularly for its role in helping industrial companies manage and reduce their carbon footprint. The company's software solutions are highlighted for their ability to provide transparent and verifiable carbon emissions data, which is crucial for compliance with EU regulations such as the Corporate Sustainability Reporting Directive (CSRD). Publications like UnternehmerTUM have covered Tanso's journey and mission, highlighting its pre-seed funding successes and participation in programs like the XPRENEURS initiative.

Podcasts and Interviews

Members of the Tanso team have participated in several podcasts and interviews. For instance, Gyri Reiersen, Co-founder and Chief Product Officer, was featured in the Mostly Awesome podcast, discussing Tanso's innovative approach to carbon accounting and emission reduction. She emphasized the importance of data-driven strategies for effective decarbonization. Another interview with Gyri Reiersen was conducted by Neil Koenig for ideaXme, where she shared insights into the challenges faced by businesses in understanding their emissions and how Tanso's solutions can address these issues.

Conference and Fair Visits, Presentations or Participations

Although specific details about conference and fair visits are not readily available, Tanso's involvement in events is likely centered around sustainability and technology forums. Given its focus on climate action, the company probably participates in industry conferences to showcase its carbon intelligence software and collaborate with other stakeholders in the sustainability sector.

Involvement in Events

Tanso Technologies' involvement in events is aimed at promoting sustainable practices among industrial companies. The company works closely with partners like the German Engineering Federation (VDMA) to expand its product portfolio, including Product Carbon Footprints (PCF), which are essential for decarbonizing supply chains. This collaboration indicates that Tanso actively engages with relevant stakeholders to advance its mission of supporting a lower carbon economy.

Conclusion

Since receiving the EIC Accelerator funding in October 2022, Tanso Technologies has continued to advance its mission of facilitating a more sustainable industrial sector through innovative carbon accounting solutions. The company's media presence, participation in podcasts, and involvement in industry collaborations underscore its commitment to climate action.

Sources: - Tanso Technologies

• Tanso Receives €6.5m to Decarbonize the European Industry
• UnternehmerTUM: Tanso erhält 1,6 Mio. Euro Pre-Seed-Finanzierung für eine klimaneutrale Wirtschaft
• 10 Renewable Energy Companies in Germany to Know
• Mostly Awesome - Apple Podcasts
• Tanso | Power of Data to Reduce World's Carbon Footprint
• Sustainability Creates Great Opportunities for Companies