Gothenburg, Sweden-based climate SaaS company CarbonCloud has received €7.5 million in a series A round co-led by Cusp Capital and Peak, joined by its existing investors TS Ventures and Maki VC.
Founded in 2019, CarbonCloud's climate intelligence and digital twins platform enables packaged food and drink producers to establish climate footprints of supply chains, offering automated lifecycle testing.
CarbonCloud's provided figures show 87% of European consumers would agree to a greater price point for more sustainable food and drink products.
But it's remained a challenge for the companies to stay on top of demand, with visibility into cross-border supply chains being paramount.
CarbonCloud's clients include Oatly, the packaged oat milk producer, and the packed fruit vendor Dole Sunshine Company.
Jan Sessenhausen, Cusp Capital, general partner, said: "Google has built the search graph, Facebook built the social graph, and CarbonCloud has built the food graph.
“We have witnessed the food industry waste valuable resources searching for supply chain emissions data but this network problem can only be solved digitally. The latest investment provides us with strong tailwind when rolling out this much-needed digital solution to the global food industry.”
David Bryngelsson, a founder of CarbonCloud, added: "Google has built the search graph, Facebook built the social graph, and CarbonCloud has built the food graph.
"We have witnessed the food industry waste valuable resources searching for supply chain emissions data but this network problem can only be solved digitally. The latest investment provides us with strong tailwinds when rolling out this much-needed digital solution to the global food industry.”
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