3rd June 2024- Climate-tech SaaS startup LogicLadder has successfully raised $2.5 million in a Series A funding round, spearheaded by BIG Capital from Singapore and Vietnam, along with Rainmatter, a venture under Zerodha. The company, founded in 2011, boasts a notable investor lineup including ONGC, Shell, and IIM Lucknow EIC, and aims to empower enterprises in championing sustainability and climate action towards achieving Net Zero goals.
At the forefront of LogicLadder’s offerings is its premium platform, The Sustainability Cloud (TSC), utilized by enterprises to manage ESG, track carbon emissions across Scope 1, 2, and 3, ensure environmental compliance, and generate sustainability reports. The software adheres to global standards such as GHG protocol, SBTi, GRI, CDP, CSRD, SASB, BRSR, CBAM, and GRESB. Additionally, products like TSC Water, TSC Energy, and TSC Enviro facilitate efficiency-led decarbonization and sustainability in water and waste management.
Dinesh Pai, Head of Investments at Rainmatter, emphasized the critical role of LogicLadder’s solutions in addressing climate change challenges, underscoring the importance of transparency in climate action for enterprises. Atindra Chandel, Co-Founder and SVP of Products & Marketing at LogicLadder, highlighted the company’s established presence in the environmental compliance and sustainability reporting domain in India, expressing intentions for global expansion with the new funding.
With over 1000 enterprise customers including notable names like NTPC, BHEL, and PVR-INOX, LogicLadder intends to leverage the fresh capital to expand its global footprint in South Asia and North America. Mayak Chauhan, Co-founder and CEO, emphasized the company’s commitment to continuous innovation and product augmentation to address sustainability challenges effectively across industries and regions.
The funding round comes amidst a significant surge in investments within the climate tech space, highlighting the growing importance and demand for solutions addressing environmental challenges. LogicLadder’s strategic positioning and robust offerings position it favorably to capitalize on this burgeoning market, driving impactful change towards a more sustainable future.
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