CarbonCloud just scored €7.5 million to become the food industry’s leading Climate Intelligence Platform
Summary
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. 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. Jan Sessenhausen, General Partner at Cusp Capital, commented: “One of the core beliefs behind our investment was that industry-specific solutions will ultimately become the winning Climate Intelligence Platform vs. industry-agnostic approaches. We consider CarbonCloud’s data and calculation model to be superior to its competitors and are really happy with the overall development since our initial investment in 2021.” Stefan Bary, Managing Partner at Peak, added: “Unprecedented pressure from policymakers and consumers sends the food industry into a frenzied search for a solution.