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Mondra raises £3.6m to decarbonise food industry supply chains

Image credit: Tyler Olson / Shutterstock

Mondra, a London-based food supply chain decarbonisation platform, has raised £3.6m in pre-Series A funding.

Founded in 2020, Mondra is a software platform to record, monitor and share environmental data throughout the food supply chain.

The company uses AI to create digital twins of food supply chains and provides tools to encourage participating organisations to collaborate on net zero policies.

Users can also run lifetime cycle assessments on specific products, meaning brands can engage their suppliers with ways to reduce the carbon impact of high-priority items.

Businesses participating with the Mondra platform include major supermarket chains Tesco, M&S, Sainsbury’s and Asda, as well as café and restaurant brands such as Starbucks and Nando’s.

“We’ve developed a technology platform to tackle one of the biggest environmental issues in the food supply chain, GHG emissions,” said Mondra founder Jason Barrett.

Barrett said that for the food industry to achieve net zero targets, it will “need to be able to consistently measure, reduce and report with accuracy” its emissions and the emissions of its supply chain.

The platform formally launched in 2023. Barrett said the investment will expedite the roll-out of the platform to UK grocers. The company claims 85% of UK grocers are signed up to use the platform.

The investment round included backing from 7 Generation Ventures, AlbionVC, GC Foodtech Ventures, Foodsparks by Peakbridge, Ponderosa Ventures and Vala Capital.

“Mondra is building the market standard in scope 3 emissions and Lifetime Cycle Assessment for the food supply chain,” said Adam Chirkowski, investment director at AlbionVC.

“Their digital hyper-modelling approach allows companies to accurately understand their supply chain impacts instead of relying on high-level assumptions, enabling actionable insights to drive real change both environmentally and to the bottom line.”