Unsatisfied with their previous venture's acquisition, former Planetly executives launch AI-driven startup Forward Earth with €4.5 million in seed funding from Mosaic Ventures. Learn how their innovative approach to calculating carbon footprints for mid-market companies sets them apart in a competitive market dominated by giants like Watershed. Forward Earth's AI platform aims to provide transparency and comparability in supply chain emissions, catering to the long tail of companies often overlooked by existing solutions. With plans to expand globally, this startup's disruptive technology could revolutionize ESG reporting and compliance.
Analysis: Forward Earth's founders, driven by a less-than-satisfactory exit from their previous startup, are taking a fresh approach to solving the carbon accounting problem with AI technology. Their platform not only simplifies data generation and analysis for mid-market companies but also addresses regulatory requirements like the EU's Carbon Border Adjustment Mechanism. By leveraging their experience and expertise, Forward Earth aims to disrupt the market and serve a segment often neglected by traditional solutions. Investors and businesses should keep an eye on this startup as it has the potential to change the game in ESG reporting and sustainability management.