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Berlin-based startup Root Global has successfully secured €8 million in Seed funding to accelerate the transition of food and beverage manufacturers toward achieving Net Zero.
Since its inception in 2023, Root Global's innovative platform has been instrumental in aiding food industry players in monitoring and managing their climate impact, significantly reducing greenhouse gas emissions.
The company's clientele includes some of Europe's most prominent food and beverage manufacturers, such as the continent's largest dairy producer and the world's leading fast-food chain. Their reach extends to over 10,000 farmers who benefit from assistance in managing and reducing millions of tons of CO2e.
As the importance of climate performance intensifies for businesses, companies must disclose their climate-related metrics and commit to net-zero objectives. Root Global has stepped in to support clients who were at risk of losing major contracts due to their inability to provide necessary climate reporting and documentation.
By empowering businesses along the food value chain, Root Global facilitates informed decision-making, leading to meaningful carbon reductions and developing more sustainable, climate-conscious consumer products. This approach has expanded to include the derivation and implementation of concrete reduction strategies.
Point Nine, led by Christoph Janz, spearheaded the funding round, which included participation from Project A, HelloWorld, Arc Investors, and a cohort of seasoned startup entrepreneurs.
In a blog post on their website, Eric Oancea and Maurice Hensl, co-founders of Root Global, said: "Our mission is more urgent today than ever. Climate performance has become a critical business performance indicator as enterprises are now mandated to disclose their climate performance and set Net Zero targets. Some of the companies we now work with had even lost key customers due to missing climate requirements and documentation prior to onboarding."
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