Carbon Maps, an environmental accounting startup for the meals business, will get new backers

Carbon Maps is a comparatively new entrant within the carbon and environmental accounting house as it’s lower than one 12 months outdated. However the French firm has already secured $7.6 million in funding (€7 million) following the startup’s €3 million seed spherical extension.

I already covered Carbon Maps again in February, so I encourage you to learn this earlier article to get the total story. However I needed to share an replace as the corporate managed to persuade Daphni to take part within the seed spherical. Carbon Maps had already raised €4 million ($4.3 million at right this moment’s trade charge) from Breega and Samaipata.

As a reminder, Carbon Maps is constructing a software-as-a-service platform centered on the environmental affect of the meals business. Not like different carbon accounting startups, Carbon Maps focuses on one business specifically and helps corporations calculate their environmental footprint on the product-level.

“The first step in improving our impact on the environment is to measure and track it accurately. We are convinced that only a pure player like Carbon Maps has the capacity to do this at a sufficiently granular level to enable monitoring and improvement over time,” Daphni companion Stanislas Lot mentioned in an announcement.

As an example, an organization promoting hen breasts might make a life cycle evaluation of those hen breasts utilizing Carbon Maps by making an allowance for a variety of standards, such because the power required, provides (grains), packaging, transportation, waste, and many others.

Carbon Maps follows the most recent suggestions from standardized sources like GHG Protocol, IPCC, ISO 14040 and 14044. It takes into accounts carbon emissions below the scopes 1, 2 and three, that means which you could combine oblique carbon emissions from suppliers and purchasers.

From there, purchasers can use the platform to get an eco-score and outline targets to scale back the environmental affect over time. It’s additionally a great way to check a number of suppliers and optimize the availability chain based mostly on every provider’s carbon affect.

“We don’t want to create the ratings. We want to create the tools that help with calculations — a sort of SAP,” Carbon Maps co-founder and CEO Patrick Asdaghi instructed me just a few months in the past.

Carbon Maps has already satisfied a dozen purchasers to make use of its software already, together with Andros, Sodexo, Potel&Chabot, the Bel milk producers’s affiliation and Foodles.

We’ll probably hear extra from Carbon Maps within the coming months as French regulation is altering with a proper implementation of the eco-score score system proper across the nook. Meals manufacturers will have the ability to calculate and add a letter score from A to E on their packaging, which might create a virtuous circle — identical to you’ll be able to see the nutri-score in all places in French supermarkets.