The Climate Choice, a Berlin, Germany-based climate intelligence software platform for decarbonizing industrial supply chains, announced $2 million in pre-seed funding.
The round was led by Gutter Capital and Possibilian Ventures, with participation from existing investors West Tech Ventures and Business Angels.
The fresh capital will be used for further development and expansion of its Climate Intelligence Platform, which helps companies understand climate performance, comply with reporting requirements, and take actions to realize climate transformation in the supply chain.
"There is still a large disconnect between the aspirational climate targets and the reality of actions taken– and yet every company now requires a clear and effective approach for reducing their emissions. Data-informed, streamlined processes are key for monitoring, tracking and engaging suppliers in their decarbonization journey for any large supply chain," said Yasha Tarani, Co-founder & CEO at The Climate Choice. "We're very excited to team up with Gutter Capital to develop our Climate Intelligence Platform delivering scalable and accessible decarbonization for corporate supply chains globally."
Enterprise customers include the telecommunications service o2 Telefónica and HiPP, an organic baby food company.
Company: THE CLIMATE CHOICE UG
Raised: $2.0M
Round: pre-Seed Round
Funding Month: March 2023
Lead Investors: Gutter Capital and Possibilian Ventures
Additional Investors: West Tech Ventures, and Business Angels
Company Website: https://theclimatechoice.com/
Software Category: Climate Intelligence Software Platform
About the Company: The Climate Choice offers a climate data-driven B2B cloud-based platform for decarbonizing companies and their supply chains. The SaaS platform makes climate data visible and enables collaborative decarbonization efforts along the supply chain. Granular data points and ratings help companies and suppliers manage their climate-related opportunities, potentials, and risks in a structured way. The company’s mission is to enable every company to transition to a low-carbon economy through data-driven collaboration and individual climate transformation.
Source: https://theclimatechoice.com/en/pressrelease/berlin-based-startup-the-climate-choice-announces-2m-funding-round-to-decarbonize-the-supply-chain/