Root Global scores €8 million in seed funding for RootOS platform
Description:
On August 19, 2024, Root Global announced €8 million in seed funding for its RootOS platform. “Scope 1” emissions are direct GHG emissions from sources owned by a company, while “Source 2” emissions originate from the energy that a company uses. “Source 3” emissions, however, go a level deeper: they are indirect emissions from a company’s supply chain. Root Global aims to make this data tangible in the agriculture industry to decarbonize agricultural value chains. Rather than relying on the traditional method of using secondary data and mainstream benchmarks, RootOS focuses on collecting data from their clients to understand granular data points and complex variables. By enhancing their calculation systems, Root Global can effectively decarbonize source 3 emissions. So far, Root Global has worked with over 10,000 farmers and clients in dairy plants and fast food chains. This year, it plans on expanding beyond the German-speaking DACH market to all of Europe.
Leadership:
Eric Oancea - Co-Founder
Maurice Hensl - Co-Founder
Rodrigo Neves - CTO
Investors:
Point Nine - an early-stage venture capital firm focused on SaaS, enterprise software, and B2B marketplaces.
Project A - an early-stage tech investor partnering with founders who challenge the status quo in their industries.
HelloWorld - an early-stage investment firm backing time, knowledge, and capital.
Arc Investors - an early-stage investment firm partnering with impact driven entrepreneurs and extraordinary technologies that will transform traditional ecosystems.
Various startup operators including Robert Dechant & Mike Rötgers
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