Global Cleantech Capital (“GCC”), a growth equity firm based in Amsterdam, is pleased to announce that it has led a EUR 4.2 million investment round in Klimato, a leading carbon management software company for the food industry. Existing investors, including Almi Invest GreenTech, also participated. The investment will accelerate Klimato's rapid expansion on the mission to reduce CO2 emissions in the global food industry.
Klimato, a leading carbon management software company for the food industry, has raised EUR 4.2 million to continue its international expansion, helping the global food industry decrease their CO2 emissions. Klimato enables food service providers, restaurants, and food producers, such as Sodexo, Hilton, and Violife, to measure, report, and reduce carbon emissions from food. Klimato’s proprietary cloud-based platform is used by over 500 businesses in 12 countries and has helped them decrease their CO2 emissions by an average of 23% in 2022.
Klimato has developed a proprietary cloud-based software platform that helps food service providers, restaurants, and food producers measure, report, and reduce their carbon footprint. Using research-based data, the software automates the carbon accounting process, making it faster, easier, and more accurate. It also provides a comprehensive dashboard that allows users to track their emissions and identify actions to reduce them. Klimato has grown rapidly since launching in 2018, helping to reduce the carbon footprint of some of the world’s largest food service providers such as Sodexo and Levy (part of Compass Group), hotels like Hilton and Mariott, restaurants as KFC and Bastard Burgers, and food producers like Unilever’s subsidiary Violife, the largest plant-based food company in the world. Today, Klimato is used by 500 food businesses in 12 countries on three continents.
CO2 emissions from food constitute about one third of global emissions. Klimato’s solution makes these emissions transparent to chefs, purchasing managers, and consumers – through user-friendly tools that are used in recipe creation and procurement, and Klimato’s climate label with the carbon footprint per dish. Through inspiring chefs and nudging guests in the restaurants, the average emission per dish on Klimato’s platform decreased by 23% in 2022, from 1.1 kg CO2e to 0.8 kg CO2e. 57% of all the dishes that Klimato’s customers served in 2022 were climate friendly (0.5 kg CO2e or below), compared to the global average of 1.7 kg CO2e.
The investment of EUR 4.2 million will accelerate Klimato’s growth – both with existing customers and into new markets, such as Germany, France, and the US – targeting to become the worldwide market leader for sustainability services in the food sector. Klimato will also expand its product offering with more sustainability indicators.
“We are impressed by Klimato’s strong growth, the successful start of the international expansion, and their commitment to sustainability,” said Emil Mahjoub, Investment Manager at GCC. “Klimato helps the food industry make data-driven decisions about carbon emissions, and is already a business-critical partner to leading organizations such as Sodexo, Compass Group, and Violife across the Nordics, the UK, and beyond. We are excited to collaborate with the management team and existing investors to help realize Klimato’s ambitious global growth plans.”
“We are delighted to welcome GCC as a new investor and the for the continued support from Almi Invest GreenTech,” said Anton Unger, CEO and co-founder of Klimato. “Their support will enable us to further develop our technology and accelerate our growth. This investment will help us strengthen our market position and achieve our mission of reducing the climate impact of food. We will expand globally with our existing and new customers, while continuing to develop our product to become the worldwide market leader for sustainability services in the food sector”.
About Global Cleantech Capital
Global Cleantech Capital is a growth equity firm based in Amsterdam, investing to scale exceptional companies into new market leaders in the clean energy, mobility, smart cities, and fintech sectors in Europe and North America. Investing over USD 900 million, the GCC team has a track record of delivering attractive returns paired with ESG impact. GCC is domiciled in the Netherlands and registered with the Dutch Authority for the Financial Markets (AFM).
For more information, please visit our website at www.gccfund.com and follow us on LinkedIn and Twitter, or email us at info@gccfund.com.
About Klimato
Klimato provides a user-friendly tool that helps food professionals and consumers access and understand sustainability data. Among the customers there are food service providers like Sodexo and Levy (part of Compass Group), hotels like Hilton and Mariott, restuarants like Bastard Burgers and KFC and food producers like Violife. Klimato is used by around 500 food businesses in 12 countries.