Paris, France-based climate tech startup Carbon Maps raised EUR 4 million in Pre-Seed funding. The pre-seed round took place on February 20, 2023. European VC firms such as Breega and Samaipata led the financing for the company.
Purpose of financing for Carbon Maps
With the latest financing, Carbon Maps seeks to help food companies decrease their environmental footprint across carbon footprint, biodiversity impact, water use, as well as animal welfare.
Meanwhile, the France-based company intends to develop its platform’s features and models. It also has plans to hire approximately 15 new talents. In addition, Carbon Maps aims to expand its services to other EU countries.
What the company’s official has to say
Patrick Asdaghi, CEO of Carbon Maps, said, “Our ambition is to become the leading environmental accounting platform bringing together all players in the food value chain, empowering them to assess their products’ climate impact so they can reduce it sustainably.”
In addition, he said, “Our food system is a major contributing factor to global greenhouse gas emissions, biodiversity destruction, deforestation and water consumption worldwide. The environmental urgency has never been higher in consumers’ minds. Food brands are under increasing pressure from civil society and regulators to take responsibility. Carbon Maps offers concrete tools and solutions that enable brands to develop actionable insights on an SKU-basis and build credible, effective climate plans relevant to their supply chains and their regions.”
What the investors have to add
François Paulus, Chairman & co-founder of Breega, further added, “At Breega, we are thrilled to renew our support to Patrick and his co-founders in their mission to build the tools and infrastructure to help food companies manage their climate impact journey. Carbon Maps’ vertical approach, factoring often underestimated agricultural practices in their science-based platform, is a game changer.”
In addition, Aurore Falque-Pierrotin, Partner at Samaipata, said, “The international potential of Carbon Maps is clear and vast. Seeing the extensive initial interest in France, we want to leverage our network in Southern Europe to help the company expand rapidly as the urgency of standardised environmental labelling is gaining momentum.”
About Carbon Maps
Patrick Asdaghi, Jérémie Wainstain, and Estelle Huynh launched the company. Carbon Maps operates as a SaaS platform that assesses consumer products, ingredients and raw materials. It seeks to help food companies with their climate impact reduction plans, calculating key impact indicators, simulating trade-offs as well as offering progress assessment tools.
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