Total amount raised
€10.5 Million
Latest funding date
08/01/2024
Location
Root Global has successfully raised funding through two rounds, both of which are Seed rounds, with notable investors including Project A Ventures, arc investors, and Point Nine. The company focuses on developing carbon accounting and emissions management platforms to help companies in the food and beverage industry manage and reduce their environmental footprint.
Keep reading to explore the intricacies of Root Global's fundraising journey and the investors backing this innovative platform.
What Is Root Global?
Root Global is a private company based in Berlin, Germany, specializing in carbon accounting and emissions management platforms. The company operates in industries such as B2B, Food and Beverage, SaaS, and Sustainability.
With an employee count ranging from 11 to 50, Root Global focuses on helping companies measure and reduce their environmental footprint. Their platform is particularly designed for the food and beverage industry, enabling the collection and analysis of farm-level emissions data.
How Much Funding Has Root Global Raised?
- Pre-Seed Round
- Amount Raised: $2,500,000
- Date: July 2022
- Lead Investors: Project A Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the RootOS platform and establish a market presence in the food and beverage industry.
- Seed Round
- Amount Raised: $8,000,000
- Date: August 2024
- Lead Investors: Point Nine
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the RootOS platform to further reduce greenhouse gas emissions in the food and beverage industry.
Total Amount Raised: $10,500,000. Current Valuation: Not publicly disclosed.
Key Investors
- Point Nine
- Details: Point Nine is a Berlin-based venture capital firm that supports startups focusing on B2B SaaS and B2B marketplaces.
- Investment Focus Areas: SaaS, Marketplaces, Fintech
- Notable Investments: Delivery Hero, Revolut, Zendesk
- Project A Ventures
- Details: Project A Ventures is an operational VC firm that provides capital and operational support to early-stage tech startups.
- Investment Focus Areas: E-commerce, Software, Health
- Notable Investments: WorldRemit, Catawiki, Homeday
- HelloWorld
- Details: HelloWorld is a venture capital firm that participated in Root Global's seed funding round.
- Investment Focus Areas: Innovative technology startups
- Notable Investments: Not publicly disclosed
- Arc Investors
- Details: Arc Investors is a firm involved in Root Global's investment round, focusing on impactful and scalable technology solutions.
- Investment Focus Areas: Impactful and scalable technology solutions
- Notable Investments: Not publicly disclosed
- 30 Business Angels
- Details: A group of experienced startup operators who participated in Root Global's seed funding round.
- Investment Focus Areas: Not specified
- Notable Investments: Not publicly disclosed
What's Next for Root Global?
Root Global stands at the cusp of a significant opportunity, targeting a €400 billion market in the food and beverage industry. By collaborating with over 10,000 farmers and major industry players, the company aims to establish its RootOS platform as the industry standard for climate footprint management. This expansion could lead to substantial growth, driven by the increasing focus on sustainability and supply chain transparency.
Future fundraising rounds seem likely as Root Global continues to scale its operations and enhance its technological capabilities. The successful seed round and the company's ambitious growth plans suggest that additional funding will be essential to support their expansion and development efforts.
However, the path forward is not without challenges. Managing the complexities of supply chain emissions and ensuring accurate data collection will be critical. Additionally, scaling their operations to meet the demands of a large and growing market while navigating regulatory requirements will require strategic planning and robust execution.
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