Pledge secures $10m Series A funding led by Zinal Growth to expand its climate technology platform.
The investment round was led by Zinal Growth with participation from new and existing backers to support product development and team expansion.
Pledge provides carbon accounting and decarbonisation software designed specifically for the logistics and supply chain sector. Its accredited platform helps businesses measure, report, and reduce their greenhouse gas emissions.
Pledge has raised $10m in a Series A funding round led by Zinal Growth, with participation from Base Partners and Ace & Company. The capital will support the continued development of the company's carbon calculation and reporting software for the logistics sector.
The financing also sees follow-on investments from existing backers Lowercarbon Capital and Visionaries Club, alongside contributions from various industry founders and veterans. The funding arrives as supply chain operators face mounting regulatory pressures to address their carbon footprint and achieve net zero targets.
Pledge intends to direct the proceeds towards expanding its engineering and commercial teams, building on the growth it has achieved since its launch in 2021. The company's platform already serves numerous freight forwarding clients and industry associations.
From the founder
"We started Pledge with the belief that technology can be a powerful lever in the fight against climate change,"
David de Picciotto
Co-Founder and Chief Executive Officer at Pledge
Investor perspective
"Pledge’s product-led approach and vertical focus makes it a really exciting company in a new and growing space,"
Guillaume Waser
Managing Partner, Zinal Growth
Use of funds
- 01Grow the team
- 02Continue product development