Mondra, a London-based local weather tech platform utilizing AI to ship product-level intelligence for provide chain resilience, has raised €11.8 million (£10 million) in a Sequence A funding spherical. The spherical was led by AlbionVC and Planet A Ventures, with participation from Swisscom, PeakBridge, Ponderosa Ventures and Inexperienced Circle Foodtech Ventures.
The funding will speed up Mondra’s growth into key European markets, together with the Netherlands, Germany and France, whereas additionally driving additional progress within the UK. The corporate plans to boost its platform capabilities past emissions administration to incorporate local weather threat evaluation and provide chain disruption monitoring.
As risky provide chains and local weather dangers proceed to reshape the worldwide meals business, meals producers and retailers face rising strain to handle Scope 3 emissions whereas sustaining affordability and resilience. Mondra’s AI-powered platform makes use of superior digital twin know-how to map complicated provide chains, providing real-time intelligence from farm to fork. This helps meals corporations observe environmental influence, anticipate provide disruptions, and mannequin sourcing dangers to safeguard each profitability and sustainability.
By integrating this intelligence immediately into the methods of shops and suppliers, Mondra allows companies to analyse the environmental footprint of every product, determine income dangers linked to local weather impacts, produce audit-ready ESG information and have interaction suppliers with actionable insights. With this degree of visibility, corporations can prioritise measures that cut back emissions, strengthen sourcing methods and guarantee long-term resilience.
Mondra’s buyer base contains main retailers reminiscent of Lidl, Aldi, Tesco and Co-op. The platform was developed in collaboration with the British Retail Consortium (BRC), whose members embrace main grocery retailers reminiscent of Tesco, M&S, Co-op, Ocado Retail, ASDA, Lidl, Aldi, Pets at House and Sainsbury’s, in addition to suppliers like Avara, Greencore, Pilgrim’s and Cranswick. Along with NGOs and authorities our bodies, this coalition is establishing a unified commonplace for product-level sustainability measurement throughout the meals business.
“This funding marks a defining second for Mondra as we scale our UK success and broaden throughout Europe,” mentioned Jason Barrett, Founder and CEO of Mondra. “Meals companies at present should decarbonise, adjust to new rules, and navigate rising provide chain volatility. Mondra empowers them to behave with confidence – turning sustainability objectives into measurable, resilient outcomes.”
Adam Chirkowski, Companion at AlbionVC, mentioned, “At AlbionVC, we see important alternative forward for Jason and the Mondra staff as they construct a category-defining digital twin know-how to strengthen provide chain resilience throughout the meals and beverage sector. Their progress in creating the UK coalition, securing European partnerships, and having access to among the world’s largest retailers underscores the robust momentum behind their imaginative and prescient. We’re proud to again their continued success.”
Nick de la Forge, Common Companion at Planet A, added, “We’re on the brink of a world meals disaster. From local weather change and prices to provide safety. Mondra is constructing the information intelligence that’s pivotal in driving the meals business in the direction of higher resilience, sustainability, and long-term competitiveness.”
The Sequence A follows a £3.4 million (€4 million) Pre-Sequence A spherical final 12 months, which supported the rollout of the Mondra platform to UK grocers. It additionally marked the launch of Sherpa, Mondra’s AI-powered assistant, built-in into the platform to information enterprise selections associated to local weather and provide chain efficiency. Microsoft CEO Satya Nadella described Sherpa as “having nice potential to allow meals system Web Zero.”
With this newest funding, Mondra goals to proceed equipping the meals business with the instruments wanted to realize measurable sustainability outcomes whereas adapting to an more and more unsure world surroundings.
