German climatech startup forward earth which develops AI-powered environmental management software, has secured €3.2 million. The investment was led by Speedinvest, and saw participation from Revent, Lucid Capital, the EU, and business angels.
- Established in 2023 by Micha Schildmann, Cari Davidson, and Giuseppe Gentile, forward earth develops AI-automated environmental management software enabling a full global overview of compliance, risk management, and supply chain data for businesses.
- forward earth's AI-powered environmental management tool interacts with current software providers to create environmental data for compliance, risk, and supply chain management, covering EU and US regulatory requirements.
- The startup established key partnerships with software providers in compliance, supply chain management, and ESG across the EU, US, and Asia.
“We have built a product that empowers businesses worldwide to become sustainable and compliant with little effort and cost. By embedding our AI-automated environmental management software into our partners’ software, we will support hundreds of thousands of businesses with a critical part of their reporting lifecycle as they embark on their decarbonization journey in the years to come,” founder and CEO of forward earch, Dr. Micha Schildmann, stated.
Details of the deal
- forward earth secured a total of €3.2 million in funding, including €2 million pre-seed funding from private investors: Vienna-based Speedinvest, Berlin-based Revent and Lucid Capital, as well as business angels Anna Alex and Benedikt Franke.
- Additionally, €1.2 million in funding was led by the European Union through the European Regional Development Fund (ERDF).
“Micha and the rest of the team bring an absolutely unique wealth of experience from our former portfolio company, Planetly, to tackle a still unsolved problem. forward earth’s product will unlock detailed carbon and environmental data for anyone offering ESG, GRC, or supply chain intelligence globally,” Partner at Speedinvest, Fred Hagenauer, commented.
- With the fresh capital forward earth plans to enhance its AI-powered technology, help businesses meet the latest EU standards, and expand across North America, Europe, and Asia.
