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Planet Fwd Secures $10M So Consumer Products Industry Can Track Carbon Emissions

May 26, 2022•about 3 years ago

Amount Raised

$10 Million

Description

Planet FWD, a carbon-assessment startup founded by Zume Pizza co-founder Julia Collins, grabbed another cash infusion in the way of 10 million Series A dollars to continue developing technology so that the $1.5 trillion consumer products industry can more accurately measure and reduce their carbon footprint.

Company Information

Company

Planet Fwd

About

The company went on to launch its Moonshot Snacks brand later in that year. Though Collins declined to go into detail about growth metrics, she did say the company is now working with 25 customers, including Kashi, Pangaia, Just Salad, Numi Organic Tea, Healthy Hippo, Toodaloo and Sweet Loren’s.Planet FWD, aided by an acquisition of climate tech startup CleanMetrics in 2021, also amassed what Collins touts as the “largest Life Cycle Analysis database for agricultural production systems in North America.” It will also go into product development, like more predictive emissions reduction, and supporting existing and new customers.“Supply chains are so complex, and frankly very difficult to manage, and that is why Planet FWD is very much a vertically-oriented solution,” Collin said.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech