CO2 tracker Vaayu receives 1.5 million US dollars
The Berlin-based start-up completes its pre-seed round. With its platform, retailers can calculate their carbon footprint.
Vaayu has closed its pre-seed round of $1.57 million. The round is led by Amsterdam-based VC CapitalT. Also participating are London-based venture capital firm Atomico's Angel Program, Planet Positive LP, Berlin-based Angel Group Saarbruecker21, Berlin-based VC Expedite Ventures and Amsterdam-based VC NP-Hard Ventures.
Vaayu offers a tracker that measures the CO2 emissions of online retailers, particularly those in the fashion industry. "Vaayu helps retailers measure, monitor and reduce their carbon footprint across the supply chain - something I know from personal experience can be complex and expensive" says co-founder and CEO Namrata Sandhu to Techcrunch, who was previously head of sustainability at Zalando. The startup, founded in 2020, counts fashion brands Organic Basics and Armedangels among its customers. "We are very excited to be backed by women-led VC CapitalT. They understood us and our vision from the beginning." The money will be used to further develop the platform.
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Startup
2013
Berlin
Zalando
Online platform offering clothing, footwear, accessories and beauty products.
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