# CarbonCloud

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carboncloud

- Industry: Software
- Headquarters: Gothenburg, Sweden
- Website: www.carboncloud.com
- Total disclosed funding: $9.2M
- Latest round: Series A (Feb 17, 2023)
- Investors on record: 4

## About

Based in Sweden, CarbonCloud AB operates as a leading provider of carbon accounting solutions tailored specifically for the food supply chain, helping businesses measure and manage their climate impacts effectively.CarbonCloud AB, founded in 2016, is headquartered in Gothenburg, Sweden. The company specializes in carbon accounting for the food industry and has successfully completed 2 funding deals. In February 2023, CarbonCloud raised EUR 7.5 million in Series A funding from investors including Cusp Capital, Maki.vc, Peak, and TS Ventures. The CEO and founder, David Bryngelsson, has previously contributed to the founding of other ventures, leveraging his expertise in sustainability and technology.CarbonCloud specializes in providing a comprehensive carbon accounting platform tailored for the food supply chain. Its core offerings include a Product Carbon Footprint (PCF) calculation tool that leverages AI to compute emissions data quickly and accurately based on existing Bill of Materials (BOM). This platform enables clients to measure, manage, and reduce their climate footprint effectively by identifying emissions hotspots and opportunities for sustainability improvements across the entire value chain. The platform supports various use cases, including Scope 3 assessments, supplier engagement, and sustainability reporting aligned with recognized standards such as SBTi and GHG Protocol. CarbonCloud serves a diverse clientele, including retailers, food brands, and ingredient producers, across key geographical markets in Europe, North America, and parts of Asia.In the most recent year, 2023, CarbonCloud generated revenue of EUR 1,034,684 with an EBITDA of EUR 116,653.5. The company operates a subscription-based model that allows clients to access its climate intelligence platform and associated services, facilitating ongoing partnerships for compliance and sustainability initiatives through detailed emissions reporting.In February 2023, CarbonCloud AB raised EUR 7.5 million in Series A funding, co-led by new investors Cusp Capital and Peak, with participation from Maki.vc and TS Ventures. The company plans to utilize this funding to support the digitization of the food industry. Future growth strategies include the development of new products aimed at enhancing clients' capabilities in sustainability reporting and expanding into new markets across Europe and North America by 2024.

## Funding rounds

- Series A, Feb 17, 2023, $8M — Peak, Maki.vc, TS Ventures, Cusp Capital
- Seed, Sep 2, 2020, $1.2M — Maki.vc, TS Ventures

## Investors

- Maki.vc (https://capitalatlas.ai/funds/maki-vc) — Seed, Series A
- TS Ventures (https://capitalatlas.ai/funds/ts-ventures) — Seed, Series A
- Peak (https://capitalatlas.ai/funds/peak) — Series A
- Cusp Capital (https://capitalatlas.ai/funds/cusp-capital) — Series A