Friday, April 19, 2024
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HomeLogisticsCargo emissions tech firm secures $10m in funding

Cargo emissions tech firm secures $10m in funding

Supply chain emissions monitoring platform Pledge has secured $10m in funding that will be used to develop its products.

The Series A funding round is led by Zinal Growth, with new investors including Base Partners, Ace & Company, as well as founders from software firms and logistics industry veterans, including Dirk Reich, former member of the management board at Kuehne+Nagel.

They join existing investors Lowercarbon Capital and Visionaries Club, which are doubling down on their initial investment in the company at the seed round.

Pledge co-founder and chief executive David de Picciotto said: “This funding round enables us to continue building best-in-class products to help accelerate businesses’ transition to net zero and remove gigatons of carbon from the atmosphere.”

Zinal Growth managing partner Guillaume Waser added: “With a product built on simplicity, scalability, and transparency, the founders have drawn aspects from their background in highly regulated and complex industries like payments and capital markets and applied them to the world of climate tech.”

The emissions calculation platform has accredited tools that allow companies to analyse, report and reduce their logistics emissions.

Pledge is accredited by the Smart Freight Centre (SFC) for its adherence to the Global Logistics Emissions Council (GLEC) framework.

Users include Ligentia, Raft, and Zencargo, while the company has also partnered with industry associations such as WCAworld and UK forwarder association BIFA.

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