Climate technology startup Vaayu raises $1.6 million

Vaayu, a startup which has developed carbon tracking software company for retailers, has raised $1.57 million in pre-seed funding.

This was led by CapitalT, and supported by a number of angel investors including Atomico’s Angel Program, Planet Positive LP, Saarbrücker 21, Expedite Ventures and NP-Hard Ventures.

Vaayu integrates with various Point of Sale systems, such as Shopify and Webflow, to pull data on logistics, operations and packaging so retailers can monitor, measure and reduce their carbon emissions in real-time.

So much more of this!!! The people have spoken.
The results are in from the biggest ever survey on #climatechange. Almost two-thirds of people think it is a global emergency. #ClimateEmergency #sustainability https://t.co/yEBqu1Qr8z
— Vaayu (@vaayutech) January 27, 2021

The funding will be used to hire new staff, optimise the venture’s platform and support its public launch.

Founded in 2020, Vaayu is the brainchild of the former Head of Sustainability at Zalando, Namrata Sandhu (CEO), alongside Anita Daminov (CPO) and Luca Schmid (CTO).

It currently partners with 25 brands, including Missoma, Armed Angels and Organic Basics.

Sandhu comments: “We have only nine short years left to achieve the UN’s goal of reducing carbon emissions by 50% by 2030 and as the third largest contributor to global emissions, retailers need to take action – and fast.”

“Vaayu is here to help retailers measure, monitor and reduce their carbon footprint at scale across the entire supply chain – something that I know from my own experience can be complex and expensive.”

He adds: “We are delighted to be backed by female led CapitalT who understood us and our vision right from the start.”

“We look forward to developing Vaayu further in the coming months so we can reach as many retailers as possible and help put the brakes on the impending climate crisis.”

Janneke Niessen, Founding Partner, CapitalT, says: “The Vaayu product is very scalable and its quick and easy implementation allows for fast adoption.”

“We are confident that with this experienced team, Vaayu will soon be one of the fastest growing climate tech companies in Europe and the world.”