Stockholm-based Improvin’, a climate technology company, announced on Tuesday that it has secured €3.5M in a Seed round of funding.
This round was led by Pale Blue Dot, a renowned climate tech fund, and Dynamo Ventures, a US-based VC focused on supply chain innovations.
Other investors included FoodBridge, Axel Johnson’s common group platform for early-stage foodtech startups, and PINC, the venture arm of Paulig.
The Swedish firm has also received support from their existing investors LRF Ventures and Atomico Angel Programme
Improvin says it will use the capital to fuel the development and expansion of its sustainability performance platform.
What does Improvin’ solve?
The agri-food industry is responsible for over 70 per cent of global emissions originating from primary production.
Despite this significant contribution to climate change, many agricultural and food companies lack the necessary visibility and tools to address these emissions effectively.
To address this challenge, Improvin’ has developed a pioneering sustainability performance platform that empowers agri-food companies to accurately measure and reduce their emissions in primary production while simultaneously enhancing biodiversity in collaboration with their suppliers.
“We are supporting food brands such as Oatly and processors like AAK, the leading global producer of plant-based oils, in their mission of becoming more sustainable by giving them tools to reduce emissions and boost biodiversity in their supply chains, down to the field level”, says Niklas Wallsargård, CEO and Founder of Improvin’.
Improvin’: Sustainability performance platform
Founded by Niklas Wallsargård, Improvin’ is a Swedish technology company that provides a sustainability performance platform specifically tailored to the agri-food industry.
The platform allows food brands, processors, and mills to quantify, verify, and report emissions derived from their primary production activities.
By leveraging the digital infrastructure, agri-food businesses can seamlessly integrate sustainability practices into their existing sourcing processes while simultaneously meeting regulatory reporting standards with reliable primary data.
Pale blue dot is a €87M seed-stage VC firm, investing in climate tech startups that reduce and reverse the climate crisis and help us prepare for a new world.
“We believe Improvin’s tailored approach to solving one of the agri-food industry’s hardest problems, producing more food more sustainably, is unique,” says Joel Larsson, Co-founder, and General Partner at Pale blue dot.
“We are proud to support the company on its journey to help agri-food businesses worldwide become more sustainable”, he continues.
Dynamo Ventures is a pre-seed and seed-stage fund that invests in supply chain and mobility
“Improvin’s deep integration into the agri-food supply chains provides a granular understanding of emissions and a unique insight into reducing emissions and boosting biodiversity”, says Jon Bradford, Co-founder and Managing Partner at Dynamo Ventures.
“We’re excited to be part of this journey and looking forward to supporting Improvin’ scale globally,” he continues.