A London-based platform dedicated to decarbonizing food supply chains has successfully raised £3.6m in pre-Series A funding, marking a significant milestone in the quest for sustainable practices within the industry.
Established in 2020, the platform offers innovative software solutions aimed at recording, monitoring, and sharing environmental data throughout the food supply chain. Using advanced AI technology, the platform creates digital representations of food supply chains, empowering participating organizations to collaborate on implementing net-zero policies.
One of the platform’s key features includes the ability to conduct lifetime cycle assessments on specific products, enabling brands to engage with suppliers to reduce the carbon impact of high-priority items.
Noteworthy participants in the platform’s initiative encompass major players in the food industry, including supermarket chains and popular café and restaurant brands. This collective effort underscores a shared commitment to addressing one of the most pressing environmental challenges faced by the food industry—greenhouse gas emissions.
Founder Jason Barrett emphasized the importance of accurately measuring, reducing, and reporting emissions across the food supply chain to achieve net-zero targets effectively.
The platform officially launched in 2023 and has since garnered significant traction, with a majority of UK grocers expressing interest in utilizing its services. The recent investment infusion is expected to accelerate the platform’s rollout to UK grocers, further amplifying its impact on sustainability initiatives within the industry.
The investment round received backing from a consortium of venture capital firms, highlighting the growing interest and support for initiatives aimed at fostering sustainability and reducing carbon footprints in the food supply chain.
Investment director Adam Chirkowski praised the platform’s innovative approach, emphasizing its potential to set a new standard in assessing scope 3 emissions and conducting lifetime cycle assessments for the food supply chain. By providing actionable insights based on accurate data, the platform aims to drive meaningful change both environmentally and economically.
This funding milestone signifies a step forward in the collective effort to embrace sustainable practices and mitigate the environmental impact of food supply chains, paving the way for a more resilient and eco-friendly future.
