Mondra has raised £3.6 million in seed funding to expand its AI-driven environmental insights platform for the food supply chain, facilitating better measurement and management of Scope 3 emissions.

Target Information

Mondra is an innovative AI-driven platform focused on providing environmental insights specifically for the food supply chain sector. The company recently secured £3.6 million in a seed funding round led by notable investors, including 7 Generation Ventures, GC Foodtech Ventures, Foodsparks by Peakbridge, Ponderosa Ventures, and Vala Capital, alongside AlbionVC. Mondra's platform enables organizations to effectively track, share, and manage their environmental data, particularly concerning Scope 3 greenhouse gas emissions. This funding will facilitate the company's growth beyond the UK market, enhance its tools for retailer insights, and support the establishment of industry standards through the BRC Mondra Coalition, which includes significant retailers and brands such as Tesco, Marks & Spencer, and Starbucks.

The environmental data management provided by Mondra addresses one of the major challenges faced by the food supply chain, as food-related greenhouse gas emissions account for approximately 30% of total global emissions. As industries increasingly strive for net-zero goals, Mondra is positioned to be a crucial player in helping organizations measure, reduce, and accurately report their Scope 3 emissions, thereby decarbonizing their supply chains.

Industry Overview in the UK

The UK food sector is currently experiencing a significant shift towards sustainability in response to growing consumer demand and regulatory pressures to reduce greenhouse gas emissions. The go