Sweden-based startup CarbonCloud, a climatetech SaaS solution for the food industry, has received a €7.5 million Series A round of funding led by Cusp Capital and Peak. Finnish firm Maki.vc also participated in the funding, Silicon Canals reports.
- Founded in 2019 by David Bryngelsson, CarbonCloud is a research-based foodtech startup with a web-based SaaS solution. The platform enables the entire food industry to quickly calculate and understand their carbon emissions in real time. It can help increase transparency throughout the supply chains and at every operational level.
“CarbonCloud provides this with unrivalled consistency and detail. It takes mere seconds to establish the climate footprint of a food product while everyone else needs months to get a fraction of the results. The platform delivers value quicker and on a more granular level than any competitor,”
Stefan Bary, Managing Partner at Peak, says about the company.
- Cusp Capital, a German venture capital firm focused on European software and technology, and Peak, an Amsterdam-based early-stage VC fully backed by entrepreneurs, both led the Series A investment. Rivus Ventures and TS Ventures also participated in the round together with Maki.vc.
- Maki.vc is a Helsinki-based early-stage VC firm that was established in 2018. The fund usually invests from €200,000 to €2 million in deeptech, foodtech, healthcare, AI, ML, and other technology sectors. Earlier in 2023, the fund co-led a €3.4M seed round for Ever Dye, a French deeptech.
- CarbonCloud plans to use the fresh funds to expand its market position as the leading climate intelligence platform.
