CarbonCloud, a Gotaland, Sweden-based climate-tech SaaS solution for the food industry, secured €7.5 million in Series A funding.
The round was led by Cusp Capital and Peak, with participation from Rivus Ventures, Maki VC, and TS Ventures. The funds will be used to expand its market position as the leading climate intelligence platform.
“Google has built the search graph, Facebook built the social graph, and CarbonCloud has built the food graph,” says David Bryngelsson, Ph.D., CEO and founder of CarbonCloud.
“We have witnessed the food industry waste valuable resources searching for supply chain emissions data but this network problem can only be solved digitally,” he adds.
CarbonCloud maps out a digital twin of the food supply chain for each product in a portfolio – from agriculture up to retail – enabling decision-makers to respond to consumer demand.
Consequently, it enables food producers globally to calculate and analyze the climate footprints of their product portfolios at a fraction of the cost and time spent on traditional consultancy-based life-cycle assessments.
CarbonCloud says its solution can help the entire food industry increase transparency throughout the supply chain, in real-time, and at every operational level.
Company: CarbonCloud AB
Round: Series A
Funding Month: February 2023
Lead Investors: Cusp Capital and Peak
Additional Investors: Rivus Ventures, Maki VC, and TS Ventures
Company Website: https://carboncloud.com/
Software Category: Climate Intelligence
About the Company: Founded in 2019, CarbonCloud is a research-based food-tech startup with a web-based SaaS solution that enables detailed calculations of the climate footprints of food products and production processes. This enables food producers across the world to calculate and analyze the climate footprints of their product portfolios at a fraction of the cost and time spent on traditional consultancy-based life-cycle assessments. By automating the manual life cycle assessment, the platform enables various stakeholders throughout every organization, including Dole Sunshine Company and Oatly in the food industry, to target, track and improve climate performance.