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Klimato continues expansion mission to reduce CO2 emissions in food industry

21st Mar 2023 - 07:00
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Abstract
Klimato, a carbon management software company for the food industry, has raised €4.2 million (around £3.6m) to continue its international expansion helping the global food industry decrease their CO2 emissions.

Klimato enables food service providers, restaurants and food producers such as Sodexo to measure, report and reduce carbon emissions from food. Their proprietary cloud-based platform is used by over 500 food businesses in 12 countries and has helped them decrease their CO2 emissions by an average of 23% in 2022.

CO2 emissions from food constitute about one third of global emissions. Klimato’s solution makes these emissions transparent to chefs, purchasing managers and consumers through user-friendly tools that are used in recipe creation, procurement and the climate labelling of the carbon footprint per dish.

Through ‘inspiring’ chefs and nudging guests in the restaurants, the average emission per dish on Klimato’s platform decreased by 23% in 2022, from 1.1 kg CO2e to 0.8 kg CO2e. Over half (57%) of all the dishes that Klimato’s customers served in 2022 were climate friendly (0.5 kg CO2e or below), compared to the global average of 1.7 kg CO2e.

The investment will accelerate Klimato’s growth – both with existing customers and into new markets, such as Germany, France, and the US – aiming to become the worldwide market leader for sustainability services in the food sector.

The financing round was led by Global Cleantech Capital (GCC), a Netherlands-based investor in growth-stage companies focused on sustainability and clean technology, with continued participation from Almi Invest Greentech and other existing shareholders.

Anton Unger, chief executive and co-founder of Klimato, said: “We are delighted to welcome GCC as a new investor and the for the continued support from Almi Invest Greentech. Their support will enable us to further develop our technology and accelerate our growth.

“This investment will help us strengthen our market position and achieve our mission of reducing the climate impact of food. We will expand globally with our existing and new customers, while continuing to develop our product to become the worldwide market leader for sustainability services in the food sector.”

Written by
Edward Waddell