UK-based startup Mondra, founded in 2020 in London by Jason Barrett, has closed an €11.8 million Series A funding round led by AlbionVC and Planet A Ventures, with participation from Swisscom, PeakBridge, Ponderosa Ventures, and Green Circle Foodtech Ventures. The new capital will enable the company to expand its presence across key European markets, notably in France, Germany, and the Netherlands, and to enhance its platform with new features for climate risk and supply chain disruption monitoring.
As agri-food supply chains face mounting pressure from both regulation and climate disruption, Mondra is positioning itself as a central player in the food industry’s climate transformation. Its platform combines artificial intelligence and digital twin technology to help retailers and manufacturers assess each product’s environmental impact, anticipate supply chain breakdowns, and model climate-related risks.
By integrating these analyses directly into retailers’ systems, Mondra enables product-level environmental traceability, while generating audit-ready ESG data. The approach has already attracted major UK retailers including Lidl, Aldi, Tesco, and Co-op, who use the platform to measure and manage their Scope 3 emissions.
The company also relies on a powerful industry coalition: the British Retail Consortium (BRC), whose members include Tesco, M&S, Ocado Retail, Sainsbury’s, and a wide network of suppliers. Together, they are laying the groundwork for a unified product-level sustainability standard, which could become the European benchmark for environmental impact measurement in the food sector.
Initially launched in the UK, Mondra raised €4 million in 2024 during a Pre-Series A round, marking the debut of its integrated AI assistant Sherpa — a tool designed to guide business decisions on climate performance and supply chain resilience. Microsoft CEO Satya Nadella praised its potential at the time, describing it as a breakthrough technology capable of “accelerating the transition to a Net Zero food system.”
