Sun Hung Kai Strategic Capital and Hearst’s Fitch Ventures unit are set to exit compliance software prpvider Truvalue Labs through the deal.

Financial information technology provider FactSet has agreed to buy Truvalue Labs, a US-based environmental, social and governance (ESG) data software developer backed by corporates Sun Hung Kai and Hearst, for an undisclosed amount.

Founded in 2013, Truvalue provides software that applies artificial intelligence to an organisation’s unstructured text data to discover information on its ESG compliance.

The company completed a $13.6m series A round in 2017 that included property developer Sun Hung Kai’s Strategic Capital vehicle and media group Hearst’s…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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