AI-powered environmental management solutions forward earth raised €4.5M
Berlin-based startup forward earth secured €4.5 million in seed funding to expand its AI-powered environmental management software globally, support its plans to enter the US market, and address growing demand for automated carbon management and regulatory compliance solutions.
Berlin-based forward earth is a startup working on AI-driven embedded software solutions to automate carbon management for businesses. The company's solutions seamlessly integrate with existing compliance and supply chain software, enabling its commercial partners (ESG, compliance, accounting, and supply chain software providers) to offer carbon management solutions to their customers so they can automate the measurement and monitoring of environmental KPIs including Corporate Carbon Footprint, Product Carbon Footprint, and Carbon Border Adjustment Mechanism (CBAM).
With environmental regulations pressuring organizations globally, forward earth has seen surging demand for its solution, which automates data collection, reporting, and compliance processes. The company claims that it has closed deals with major partners since its last funding round, and will finalize several new contracts with more partners soon. The increased demand will be addressed with part of the €4.5 million recently raised by forward earth in a seed funding round led by Mosaic Ventures, with the participation from existing and new investors, including Speedinvest and VC Revent.
CEO Micha Schildmann highlighted the funding as crucial for meeting growing global demand and expanding operations. In addition to supporting its growth in the European market, the capital will fuel forward earth's expansion into the US, where the company plans to establish an entity and start operations within the next few weeks. In the long term, the startup plans to leverage the funds to expand its market presence into Asia.
