🇸🇪 Improvin’ secures €3.5 Million seed investment to drive emission reductions and sustainability in the agri-food industry.
Press release from Improvin’
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Improvin’ is a Swedish climate technology company working with agri-food companies such as Oatly and AAK to produce food more sustainably.
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The €3.5M seed round was led by Pale blue dot and Dynamo Ventures and supported by FoodBridge (Axel Johnson) and PINC (Paulig).
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The investment will fuel the development and expansion of Improvin’s sustainability performance platform.
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The platform will be rolled out in Germany, Belgium, France and the Netherlands together with Improvin’s new and existing customers.
[9/5/2023 Stockholm, Sweden]
The Stockholm-based climate technology company, Improvin’, has successfully closed a €3.5 million seed financing round.
The round was led by the climate tech fund, Pale blue dot, and the US-based, supply chain focused VC Dynamo Ventures, with participation from FoodBridge, Axel Johnson’s common group platform for investments in early-stage foodtech start-ups and PINC, the venture arm of Paulig.
More than 70% of the agri-food industry’s emissions originate from primary production; an area where most agriculture and food companies lack visibility. To solve this, Improvin’ has developed a sustainability performance platform that allows agri-food companies to measure and reduce emissions in their primary production and improve biodiversity together with their suppliers.
“We are supporting food brands such as Oatly and processors like AAK, the leading global producer of plant-based oils, in their mission of becoming more sustainable by giving them tools to reduce emissions and boost biodiversity in their own supply chains, down to the field-level”, explains Niklas Wallsargård, the CEO and Founder of Improvin’.
“We’re thrilled about the unique combination of expertise we’re bringing in with this investment. Pale blue dot’s climate tech experience and Dynamo Ventures’ supply chain know-how combined with the food industry knowledge from both PINC and FoodBridge will fuel our expansion across Europe, starting from Germany, Belgium, France and the Netherlands”, Wallsargård adds.
“We believe Improvin’s tailored approach to solving one of the agri-food industry’s hardest problems, producing more food more sustainably, is unique”, says Joel Larsson, Co-founder and General Partner at Pale blue dot. “We are proud to support the company on its journey to help agri-food businesses worldwide become more sustainable”, he continues.
“Improvin’s deep integration into the agri-food supply chains provides a granular understanding of emissions and a unique insight into reducing emissions and boosting biodiversity”, says Jon Bradford, Co-founder and Managing Partner at Dynamo Ventures. “We’re excited to be part of this journey and looking forward to supporting Improvin’ scale globally”, he continues.
Additionally, Improvin’ has received great support from their existing investors LRF Ventures and Atomico Angel Programme.
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About Improvin’
Improvin’ is a Swedish technology company that provides a sustainability performance platform for the agri-food industry. Food brands, processors and mills use the platform to quantify, verify and report emissions from their primary production and collaborate with their suppliers to reduce emissions and enhance biodiversity. Improvin’s digital infrastructure enables agri-food businesses to incorporate sustainability into their existing sourcing processes while meeting regulatory standards for reporting with primary data.
About Pale blue dot
Pale blue dot is a €87M seed-stage venture capital firm, investing in climate tech startups that reduce and reverse the climate crisis and help us prepare for a new world. Pale blue dot is based in Malmö, Sweden, and invests in early stage companies in Europe and the US.
About Dynamo Ventures
Dynamo Ventures is a pre-seed and seed stage fund that invests in supply chain and mobility startups, worldwide. Founded in 2016, Dynamo leverages its deep domain expertise to support founders with hands-on and practical experience in product and strategy, sales, and talent development.
About FoodBridge
FoodBridge was launched in 2022 with the aim of promoting collaboration and innovation across the entire value chain to accelerate sustainable change in our food system. An important part of FoodBridge, in addition to partnerships and collaborations, is early investments in food tech start-ups with the potential to create positive change.
About PINC
PINC is Paulig’s venture arm for investments in early-stage start-ups in and around the future of food. The objective of PINC is to help Paulig renew itself and prosper as well as contribute to a tastier and more sustainable planet.
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For more information, contact:
Pauliina Perkiö
[email protected]
+46700537940
Originally published on 9 May.
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