Total amount raised
€10.5 Millions
Latest funding date
08/01/2024
Location
Root Global has successfully raised €10,500,000 over two funding rounds, with significant contributions from investors such as Arc Investors and Project A Ventures. The company specializes in carbon accounting and emissions management platforms, aiming to help businesses 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, founded in 2022, is headquartered in Berlin, Germany. The company was established by Eric Oancea and Maurice Hensl. It operates within the B2B, Food and Beverage, SaaS, and Sustainability industries.
With an employee count ranging from 11 to 50, Root Global focuses on developing carbon accounting and emissions management platforms. These platforms assist companies in managing and reducing their environmental footprint, particularly within the food and beverage sector.
How Much Funding Has Root Global Raised?
- Pre-Seed Round
- Amount Raised: €2.5M
- Date: July 2022
- Lead Investors: Project A Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company's foundation and develop its carbon accounting and emissions management platform.
- Seed Round
- Amount Raised: €8M
- Date: August 2024
- Lead Investors: Point Nine
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and further develop the RootOS platform to make a significant impact on climate change by reducing GHG emissions in the food system.
Total Amount Raised: €10.5M
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. They are known for their hands-on approach and extensive network in the tech industry.
- Investment Focus Areas: B2B SaaS, B2B marketplaces, tech startups
- Notable Investments: Zendesk, Delivery Hero, Revolut
- Project A Ventures
- Details: Project A Ventures is an early-stage tech investor based in Berlin and London, managing $1 billion in assets. They provide operational support to their portfolio companies, helping them scale effectively.
- Investment Focus Areas: Early-stage tech, SaaS, e-commerce
- Notable Investments: WorldRemit, Trade Republic, Catawiki
- Arc Investors
- Details: Arc Investors is a venture capital firm that focuses on investing in innovative startups with high growth potential. They are known for their strategic guidance and extensive industry connections.
- Investment Focus Areas: Tech startups, sustainability, innovation
- Notable Investments: Not publicly disclosed
- HelloWorld
- Details: HelloWorld is an investment firm that participates in funding rounds for promising startups. They are known for their diverse portfolio and support for early-stage companies.
- Investment Focus Areas: Early-stage startups, tech, innovation
- Notable Investments: Not publicly disclosed
- Experienced Startup Operators
- Details: This group consists of seasoned entrepreneurs and industry experts who provide mentorship and advice to startups. They bring a wealth of experience and knowledge to their investments.
- Investment Focus Areas: Tech startups, sustainability, B2B
- Notable Investments: Not publicly disclosed
What's Next for Root Global?
Root Global stands at the cusp of significant growth, driven by its mission to help food and beverage companies achieve Net Zero emissions. With a market size estimated at €400 billion, the company is poised to become an industry standard in climate footprint management. The recent €8 million seed funding will enable Root Global to expand its team and enhance its RootOS platform, further solidifying its position in the market.
Future fundraising opportunities seem promising as the company continues to demonstrate year-over-year emission reductions and attract major industry players. However, challenges such as managing complex supply chains and scaling operations while maintaining service quality could pose hurdles. Root Global's ability to navigate these challenges will be crucial for its sustained growth and success.
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