Mondra, an AI platform that gives product intelligence for stronger provide chains, has accomplished its Sequence A funding spherical.
Contentlockr
London-based Mondra, the AI-powered platform delivering ‘product degree intelligence for provide chain resilience, has secured £10M (roughly €11.4M) in a Sequence A funding spherical.
The funding spherical was led by AlbionVC and Planet A, with participation from Swisscom, PeakBridge, Ponderosa Ventures and Inexperienced Circle Foodtech Ventures.
AlbionVC helps visionary founders and applied sciences with long-term capital and scale-up know-how.
Adam Chirkowski, Companion at AlbionVC, says, “At AlbionVC, we see a big alternative forward for Jason and the Mondra workforce as they construct a category-defining digital twin know-how to strengthen provide chain resilience throughout the meals and beverage sector. Their progress in creating the UK coalition, securing European partnerships, and having access to a few of the world’s largest retailers underscores the robust momentum behind their imaginative and prescient. We’re proud to again their continued success.”
The corporate will use the funds to speed up its growth into key European markets, together with the Netherlands, Germany, and France.
The capital additionally helps the event of latest product capabilities, extending past emissions administration into provide chain disruption and local weather danger administration.
Jason Barrett, Founder & CEO of Mondra, says, “This funding marks a defining second for Mondra as we scale our UK success and develop throughout Europe. Meals companies right now should decarbonise, adjust to new laws, and navigate rising provide chain volatility. Mondra empowers them to behave with confidence – turning sustainability objectives into measurable, resilient outcomes.”
The fundraising follows Mondra’s pre-series A spherical final yr, which raised £3.4M to speed up the rollout of the Mondra platform to UK grocers.
Final yr additionally noticed the launch of Mondra’s transformative AI-powered assistant, Sherpa, built-in into the platform.
Mondra: Addressing unstable provide chains
At current, unstable provide chains and rising local weather dangers are reshaping the worldwide meals business, threatening the affordability and availability of meals.
On the identical time, stress is mounting to measure and handle Scope 3 emissions, leaving meals firms to steadiness provide resilience with the drive to satisfy formidable local weather objectives.
Right here’s the place Mondra comes into play!
This UK firm is fixing provide chain points utilizing superior digital twin know-how.
This know-how helps map complicated provide chains and offers a framework for managing product efficiency from farm to desk.
Mondra permits real-time monitoring of provide networks and integrates helpful data into the programs utilized by retailers, meals firms, and their suppliers.
This permits meals firms to evaluate the environmental impression of their merchandise, perceive potential income losses from local weather points, create information for ESG compliance, consider sourcing dangers, and work with suppliers utilizing credible insights and instruments.
Mondra was developed in coalition with the British Retail Consortium (BRC), whose members embrace main grocery retailers corresponding to Tesco, M&S, Co-op, Ocado Retail, ASDA, Lidl, Aldi, Pets at Dwelling, and Sainsbury’s; main suppliers together with Avara, Samworth Brothers, Greencore, Pilgrim’s, Dunbia, Cranswick, and Bakkavor; and international manufacturers corresponding to Starbucks and Nando’s
