CarbonCloud raises €7.5 million in Series A to become the food industry’s leading climate intelligence platform
CarbonCloud, the climate-tech SaaS solution for the food industry secured €7.5 million to expand their market position as the leading climate intelligence platform. The financing round was led by Cusp Capital and Peak, joined by Rivus Ventures and continued participation from current investors Maki VC and TS Ventures.
Founded in 2019 by climate researchers and software entrepreneurs, CarbonCloud is a climate intelligence platform with a full focus on the specifics of the food industry, enabling its decision makers to trace the climate impact of their food and beverage products at every stage of the supply chain. The platform has automated the manual life cycle assessment and empowers various stakeholders throughout every organization in the food industry to target, track and improve climate performance. With sustainability pioneers like Dole Sunshine Company and Oatly onboard, CarbonCloud aims to make the unified measurement framework available to every player in the supply system and lead the transformation of the industry.
The potential for food companies is tremendous: Consumer demand for sustainable options is continually growing as 87% of European consumers are willing to pay for more sustainable options . As a consequence, commitment from the food industry for strategic and systematic emissions reductions has skyrocketed over the last years. However, decision makers are still struggling to trace the trail of emissions throughout the complex food supply chains. CarbonCloud automatically maps out a digital twin of the food supply chain for each individual product in a portfolio from agriculture all the way up to retail, enabling decision-makers to confidently respond to consumer demand.
Founded by scientists with the explicit mission to make climate science truly accessible by those who need it to solve climate change, CarbonCloud translates decades of climate research into actionable insights for the food industry through a scalable SaaS platform and the world’s largest carbon footprint dataset. The entire food industry can increase transparency throughout the supply chain, in real-time, and at every operational level. CarbonCloud’s customer portfolio includes some of the most committed food companies from around the globe and was founded in Gothenburg, Sweden.
About Cusp Capital
Cusp Capital is a venture capital firm focused on European software and technology. The fund invests in early-stage companies on the cusp of redefining their industries by channelling new socioeconomic and technological paradigms. The Cusp Capital team members are long-time contributors to the technology ecosystem. Over the last decade, they have invested more than € 400m in companies such as Zalando, Delivery Hero, Klarna, Scalable Capital, and data Artisans.
Learn more about Cusp Capital and its current focus themes at cuspcapital.com and connect with the team on LinkedIn.
Peak is an early-stage venture capital fund investing across Europe from its offices in Amsterdam, Berlin, and Stockholm. For the past 15 years, Peak has specialized in SaaS, marketplaces, and platforms. Its investors include their active portfolio founders and other European entrepreneurs and operators. Allocated over five funds, Peak has invested in over 50 companies like Catawiki, Hygraph, StuDocu, Circula, Channable, Trengo, Breyta, Creative Fabrica, Blidz, and now, CarbonCloud.
For additional information and contact details, please visit: http://peak.capital