London-based Mondra, recognized for its AI-driven platform enhancing supply chain intelligence, has successfully raised £10 million in its Series A funding round. The investment aims to strengthen Mondra’s foothold in key European markets and explores the potential of expanding its technology that organizations utilize to measure and manage supply chains effectively. The round was steered by AlbionVC and Planet A, also drawing in investments from Swisscom, PeakBridge, Ponderosa Ventures, and Green Circle Foodtech Ventures. This significant financial backing illustrates growing interest in solutions that aid companies in navigating complex supply chain environments.
Mondra previously garnered attention through its pre-Series A funding, which raised £3.4 million last year, emphasizing the platform’s potential. Last year also marked the launch of its AI assistant, Sherpa. Mondra’s technology has become more relevant as companies face challenges in maintaining the stability of global food supply chains while addressing climate risks. These factors have propelled Mondra into a crucial role, using advanced digital twin technology to map intricate supply chains.
Why is Mondra Expanding in Europe?
Mondra’s recent funding focuses on expanding in European markets by venturing into countries like the Netherlands, Germany, and France. Expanding beyond the UK, Mondra plans to leverage its successful partnerships in the region to solidify its presence—and the funds will fuel this extensive network development. According to Jason Barrett, Founder & CEO of Mondra, companies are called to meet various regulatory requirements.
“Food businesses today must decarbonise, comply with new regulations, and navigate growing supply chain volatility,” said Barrett.
What Are Mondra’s Future Plans?
The raised capital will not only fund expansion but also enhance product capabilities for addressing supply chain disruptions and climate risk management. The funds aim to develop Mondra’s reach and introduce emission-focused solutions to combat supply chain challenges.
“This investment marks a defining moment for Mondra as we scale our UK success and expand across Europe,” Barrett stated.
AlbionVC partner Adam Chirkowski noted how Mondra capitalizes on digital twin technology to bolster supply chain resilience. The alignment with some of the world’s largest retailers demonstrates momentum in pursuing strengthened supply chains and broadening sustainability scope.
Presently, the global food industry is under immense pressure due to unstable supply chains and climate risks. Mondra has positioned itself as an instrumental player in countering these challenges using technology that supports retailers, food companies, and suppliers in supply network management. Through real-time tracking and comprehensive insights, businesses can better assess environmental impacts, identify sourcing risks, and implement sustainable practices.
The company’s coalition with the British Retail Consortium includes prominent grocery retailers and global brands. This partnership facilitates comprehensive data analysis, thereby allowing companies like Tesco, M&S, and Starbucks (NASDAQ:SBUX) to achieve their sustainability objectives efficiently. As the food industry strives for resilience against volatile circumstances, Mondra continues to offer tools that deliver impactful insights for navigating these demands.
Continued advancements in AI technology within supply chains position Mondra at an advantage to drive innovation in this sphere. By empowering food companies to translate sustainability goals into measurable outcomes, Mondra leads a path toward more resilient supply networks. As regulatory landscapes evolve, technology solutions like Mondra’s that enable compliance and emission management are likely to witness accelerating demand.
