Root Funding News – Berlin-based Root Secures €8 Million Seed Funding
Aug 20, 2024 | By Team SR
Root raised an €8M seed round, led by Christoph Janz at Point Nine, with participation from Project A, HelloWorld, Arc Investors, and a host of experienced startup operators.
SUMMARY
- Root raised an €8M seed round, led by Christoph Janz at Point Nine,
- Founded in 2022, Root is on a mission to build the climate OS of the food industry.
RootOS platform helps companies across the food system manage their climate footprint and reduce GHG emissions. In the past 18 months, Root obsessed with deeply understanding our customers and solving their most urgent pain point.
Read also - Apheros Funding News - Zurich-based Apheros Raises €1.65 Million Pre Seed Funding
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Since launching RootOS platform in October 2023, we have onboarded some of Europe's biggest Food & Beverage players, including the largest dairy plant in Europe and the largest fast-food chain in the world. Through them, Root work with over 10k farmers in helping them manage and reduce millions of tons of CO2e.
“Two years ago, we founded Root Global with one mission: help companies across the food system get to Net Zero,” said Eric Oancea and Maurice Hensl, co-Founders of Root. “Our mission is more urgent today than ever. Climate performance has become a critical business performance indicator as enterprises are now mandated to disclose their climate performance and set Net Zero targets. Some of the companies we now work with had even lost key customers due to missing climate requirements and documentation, prior to onboarding.”
Root mission is more urgent today than ever. Climate performance has become a critical business performance indicator as enterprises are now mandated to disclose their climate performance and set Net Zero targets. Some of the companies Root now work with had even lost key customers due to missing climate requirements and documentation, prior to onboarding.
“Imagine you are a sustainability manager and can suddenly say with confidence: I know exactly what to do the next 12 months with my 1000 farmers to reduce my scope 3 emissions by 5%. I will need to initiate the following 4 measures on these farms, it will cost me this much, and I will need the following resources to be successful. I can tell you that the company’s leadership and customers will be thrilled to finally have that confidence and reliability from their sustainability team,” added co-Founder Eric Oancea.
About Root
Founded in 2022, Root is on a mission to build the climate OS of the food industry. At the end of the day, it exist to help companies across the Ag value chain make more sustainable business decisions that will get them to Net Zero on time.