Climate-tech SaaS startup LogicLadder has raised $2.5 million in a Series A funding round led by Singapore and Vietnam-based BIG Capital and Zerodha’s Rainmatter. The firm is backed by investors including ONGC, Shell and IIM Lucknow EIC. Founded in 2011, LogicLadder is empowering enterprises championing sustainability and climate action for Net Zero.
The firm’s premium platform, The Sustainability Cloud (TSC), is used by enterprises to manage ESG, account for Scope 1, 2 and 3 carbon emissions, meet environment compliance and generate sustainability reporting. As per the company, the software follows global standards like GHG protocol, SBTi, GRI, CDP, CSRD, SASB, BRSR, CBAM and GRESB, among others. Additionally, its products - TSC Water, TSC Energy, and TSC Enviro, allow organisations to achieve efficiency-led decarbonisation and sustainability in water and generated waste.
Commenting on the investment, Dinesh Pai, Head of Investments, Rainmatter said, "Climate change is no longer a future event — water scarcity, erratic weather patterns, diminishing wildlife — we are already experiencing the consequences of climate change. However, measuring and tracking climate data is a complex and nuanced act. Most organisations depend on independent third-party software services to help them through this journey. LogicLadder offers a key sustainability solution for enterprises. Organisations that leverage their solutions ensure transparency in climate action, stand to attract talent, and have stakeholders and teams that relate to the organisation in the long run. We are excited to support LogicLadder in this journey."
"Our product, The Sustainability Cloud, is well established in the environmental compliance and sustainability reporting space with more than 1000+ enterprise customers in India. We have also revamped our product in line with the latest standards and global regulations like CBAM, CSRD, BRSR, etc., and started marketing it in multiple countries. This funding round will help us accelerate our global expansion," added Atindra Chandel, Co-Founder and SVP of Products & Marketing, LogicLadder.
The company claims to be working with 1000+ customers such as NTPC, BHEL, PVR-INOX, Mother Dairy and others, along with 40+ channel partners. The startup intends to use the fresh capital to expand its global footprint in South Asia and North America.
"A significant portion of the new funding will be dedicated to new product augmentations and capacity expansion, ensuring our solutions remain in sync with the ever-evolving landscape of environmental compliances. By continuously innovating and expanding our product suite, we aim to provide our clients worldwide with the most advanced tools and resources to address their sustainability challenges effectively and confidently across regions and industries," said Mayak Chauhan, Co-founder and CEO, LogicLadder.
According to Venture Intelligence data, startups in the climate tech space raised nearly $157 million in 2023 across 52 deals. In the January-April period of 2024, startups in this space raised $45 million through 12 transactions.
The firm’s premium platform, The Sustainability Cloud (TSC), is used by enterprises to manage ESG, account for Scope 1, 2 and 3 carbon emissions, meet environment compliance and generate sustainability reporting. As per the company, the software follows global standards like GHG protocol, SBTi, GRI, CDP, CSRD, SASB, BRSR, CBAM and GRESB, among others. Additionally, its products - TSC Water, TSC Energy, and TSC Enviro, allow organisations to achieve efficiency-led decarbonisation and sustainability in water and generated waste.
Commenting on the investment, Dinesh Pai, Head of Investments, Rainmatter said, "Climate change is no longer a future event — water scarcity, erratic weather patterns, diminishing wildlife — we are already experiencing the consequences of climate change. However, measuring and tracking climate data is a complex and nuanced act. Most organisations depend on independent third-party software services to help them through this journey. LogicLadder offers a key sustainability solution for enterprises. Organisations that leverage their solutions ensure transparency in climate action, stand to attract talent, and have stakeholders and teams that relate to the organisation in the long run. We are excited to support LogicLadder in this journey."
"Our product, The Sustainability Cloud, is well established in the environmental compliance and sustainability reporting space with more than 1000+ enterprise customers in India. We have also revamped our product in line with the latest standards and global regulations like CBAM, CSRD, BRSR, etc., and started marketing it in multiple countries. This funding round will help us accelerate our global expansion," added Atindra Chandel, Co-Founder and SVP of Products & Marketing, LogicLadder.
The company claims to be working with 1000+ customers such as NTPC, BHEL, PVR-INOX, Mother Dairy and others, along with 40+ channel partners. The startup intends to use the fresh capital to expand its global footprint in South Asia and North America.
"A significant portion of the new funding will be dedicated to new product augmentations and capacity expansion, ensuring our solutions remain in sync with the ever-evolving landscape of environmental compliances. By continuously innovating and expanding our product suite, we aim to provide our clients worldwide with the most advanced tools and resources to address their sustainability challenges effectively and confidently across regions and industries," said Mayak Chauhan, Co-founder and CEO, LogicLadder.
According to Venture Intelligence data, startups in the climate tech space raised nearly $157 million in 2023 across 52 deals. In the January-April period of 2024, startups in this space raised $45 million through 12 transactions.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
