Funding

forward earth funding news – Berlin-based forward earth Raises €4.5 million in Seed Funding

Oct 9, 2024 | By Startup Rise EU

forward earth funding news - Berlin-based forward earth Raises €4.5 million in Seed Funding

Berlin-based forward earth, a leader in AI-powered environmental management solutions, has raised €4.5 million in seed funding, signaling the next phase of growth for the transformative startup.

SUMMARY

  • Berlin-based forward earth, a leader in AI-powered environmental management solutions, has raised €4.5 million in seed funding
  • forward earth is a Berlin-based startup revolutionizing environmental management through AI-powered software.

This round, led by Mosaic Ventures, also saw participation from high-profile angel investors and existing investors, including pan-European leading early-stage investor Speedinvest, and European impact VC Revent. The fresh capital will be used to scale operations, expand to the U.S., and prepare for a future market launch in Asia.

‍Before forward earth’s AI-driven software solution, carbon management was a labor-intensive exercise of continuous data collection and calculation. This simply does not scale, as regulatory pressure rises around the world.

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With its seamless integration into existing compliance and supply chain software, forward earth’s environmental management platform has been rapidly gaining traction. In the past three months alone, forward earth has signed several major partners, with several more partners finalizing contracts soon.

Micha Schildmann, CEO and Founder of forward earth, said: “forward earth is experiencing extraordinary global demand, and we're rapidly scaling our operations. Mosaic Ventures is the ideal partner to bolster our European presence and accelerate our expansion into the U.S., leveraging their extensive network on both sides of the Atlantic. With this additional funding, we're poised to rapidly decarbonize global supply chains and drive environmental compliance.”

By embedding environmental management into the existing business software of hundreds of thousands of companies, forward earth simplifies the process of data collection, reporting, and regulatory compliance, particularly for businesses facing pressure from new regulations in the EU, U.K., and U.S.

Chandar Lal from Mosaic Ventures, said: “We’re thrilled to join forward earth on their mission to decarbonize global supply chains. Humans alone cannot solve this problem at the required scale – and Micha, Cari and Giuseppe are the first team to bring a truly AI-first approach to market. With their unique approach and remarkable early momentum, we believe they’re poised to build the new global standard for environmental management.”

About forward earth‍

forward earth is a Berlin-based startup revolutionizing environmental management through AI-powered software. By embedding environmental management tools into existing business software, it empowers companies to comply with evolving regulations, reduce their environmental impact, and drive sustainability across their operations.

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