Sweden-based CarbonCloud, a climate-tech SaaS solution for the food industry, announced that it has secured €7.5M in a Series A round of funding led by Cusp Capital and Peak.
Rivus Ventures, Maki VC, and TS Ventures also participated in the round.
CarbonCloud says it will use the funds to expand its market position as the leading climate intelligence platform.
Founded in 2019 by climate researchers and software entrepreneurs, 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.
The Swedish firm 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.
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.
CarbonCloud says its solution can help the entire food industry increase transparency throughout the supply chain, in real-time, and at every operational level.
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