Carbon Maps, a Paris, France-based climate assessment and management platform for the food industry, secured €4 million in a pre-seed funding round from European VC firms Breega and Samaipata.
The funds will be used to help food companies decrease their environmental footprint (carbon footprint, biodiversity impact, water use, animal welfare).
“Our ambition is to become the leading environmental accounting platform bringing together all players in the food value chain, empowering them to assess their products’ climate impact so they can reduce it sustainably,” stated Patrick Asdaghi, CEO of Carbon Maps.
The platform plans to cover all key indicators needed to support food companies’ ESG strategies and, in particular, will integrate the Eco-Score, the upcoming environmental consumer product label detailed in France’s Climate and Resilience Law and expected to be in effect by the end of 2023.
Carbon Maps says it performs a rapid, high-precision assessment of consumer products, ingredients, and raw materials and collects and analyzes data across all stages of the food chain to calculate a variety of impact indicators, such as carbon footprint, biodiversity impact, water use, and animal welfare.
As a result, it provides participants at all stages in the supply chain (producers, coops, brands, distributors) with tools to evaluate and monitor their respective climate strategies.
Company: Carbon Maps SAS
Raised: €4.0M
Round: pre-Seed Round
Funding Month: February 2023
Lead Investors: Breega and Samaipata
Additional Investors:
Company Website: https://carbonmaps.io/
Software Category: Climate Assessment and Management
About the Company: Carbon Maps was founded by Patrick Asdaghi, Jérémie Wainstain, and Estelle Huynh to help food companies with their climate impact reduction plans, calculating key impact indicators, simulating trade-offs, and offering progress assessment tools. Carbon Maps is a comprehensive, science-based, data-driven climate management platform for the food industry. Its SaaS platform enables agri-food industry players to perform rapid, high-precision assessments of the environmental impact of their products and agricultural raw materials. Carbon Maps is on a mission to help the food industry reduce its environmental footprint (carbon emissions, biodiversity, water use, animal welfare) by collecting and analyzing data, using science-based models, across all stages of the food chain, from farmers to consumers.
Source: https://techfundingnews.com/french-climate-tech-carbon-maps-rolls-in-e4m-to-enable-food-industry-reduce-its-environmental-footprint/