Paris-based Carbon Maps, a holistic climate management platform for the food industry, announced that it has secured €4M in a Pre-Seed round of funding from European venture capital firms Breega and Samaipata.
Carbon Maps says it plans to utilize the capital to improve its platform’s features and models, hire approximately 15 new talents, and expand its services to other EU countries.
Three entrepreneurs with backgrounds in food, data science, and supply chains – Patrick Asdaghi (serial entrepreneur and founder of FoodChéri, acquired by Sodexo in 2021), Jérémie Wainstain (agritech expert with a physics Ph.D.), and Estelle Huynh (former COO at Mojix, a US-based supply chain traceability SaaS) – founded Carbon Maps.
The French firm is on a mission to help food companies decrease their environmental footprint, including factors such as carbon footprint, biodiversity impact, water use, and animal welfare.
Leveraging science-based mathematical models coupled with AI, Carbon Maps collects and analyses data across all stages of the food chain, from farmers to consumers, to calculate various impact indicators.
Carbon Maps reveals that its transparent, auditable calculations are based on standards and models validated by the scientific community such as GHG Protocol, ISO 14040 & 14044, and IPCC.
The platform plans to cover all crucial indicators needed to support food companies’ ESG (Environmental, Social, and Governance) strategies, and integrate the Eco-Score, an environmental consumer product label detailed in France’s Climate & Resilience Law. It is expected to be in effect by the end of 2023.
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