Unibloom secures £650 000 pre-seed investment

Press release Unibloom, London, May 14, 2024

Unibloom secures £650 000 pre-seed investment to accelerate Corporate Climate Actions with a pioneering scenario modelling algorithm

London, UK – Unibloom, a climate tech startup founded in 2023, has closed a £650,000 pre-seed funding round to transform how consumer goods companies can identify, scenario plan and optimise their climate projects, investments & cost savings towards business growth & climate targets, in minutes, not years, with help of Unibloom’s pioneering algorithm model.  

Only four percent of 23 000 companies have transparent and accurately financed climate action plans in place according to the climate not for profit, CDP.  This is creating business risk, with several consumer goods companies facing losing up to 50 % of operating income up to 2030 (Planet Tracker, 2023). At the same time, 69% of employees said they want their companies to invest in sustainability efforts and over 30 % would consider leaving their employer if they don’t see credible climate commitments. (Deloitte, 2023)

Despite all of these drivers and consistent news of corporations under pressure to roll back on sustainability commitments, the Science Based Targets Initiative, the current gold standard for businesses to align their commitments with what the science says is needed to keep global warming below catastrophic levels, has seen record growth. The number of SBTi commitments has gone from 2079 (2022) to 4204 (2023), and this is where Unibloom’s platform is stepping into the market to support businesses to go from siloed targets to data-driven actions embedded into each part of the organisation..  

Co-founded in March 2023 by Swedish and Indian/American pair; Anna Sandgren and Vineet Ahuja, Unibloom emerged from their frustration with the slow progress they were witnessing in businesses driving significant action on climate. Anna, with 25 years leading business expansion & operations at Unilever, including ice cream pioneers Ben & Jerry’s and US sustainability leaders Seventh Generation, and Vineet, a seasoned software engineer & derivative expert with over 10 years at Bloomberg, left their corporate careers to start Unibloom.

After conducting over 250 interviews, it was clear that almost universally, businesses were relying on outdated tools like spreadsheets and PowerPoints, which weren’t effective in supporting  timely decision-making. Unibloom’s platform integrates climate and financial data in a predictive scenario & simulation tool, enabling faster, data-driven decisions and breaking down silos between sustainability and operational teams.

Unibloom has already attracted SaaS- paying customers, such as, Nasdaq-listed chicken industry leader, Scandi Standard (£1bn revenue), alongside a number of UK and US based FMCG businesses, with several high-profile consumer goods companies in the pipeline.  

The pre-seed round received investments from London-based Zinc VC, Regenerate Ventures, Alma Invest, Syndicate Room, Keiretsu Forum, Regent Capital Ventures, Ventures Together, SFC Capital, and 25 industry expert angel investors.

Funding is supporting the newly recruited highly skilled climate data, business & software engineering team, to deliver the data layers for the algorithm & integrations with business data, where Unibloom has its focus on scenario simulations & optimisation to transforming corporate climate action stuck in powerpoints & excel and bridging the growing gap between climate targets and business actions.

CEO and Co-founder Anna Sandgren, drawing from her extensive experience from the industry in operational roles, emphasises the challenge of balancing business growth with climate reduction and social impact. "Every business leader knows they need to take action but they are often unconvinced as to why they should take decisions right now as they don’t have confidence in the best solution for both climate & cost" Anna explains. "Our platform ensures daily accountability, climate simulations and budget optimisation across all departments, even for non-climate experts."

“Zinc is proud to back Unibloom, whose groundbreaking platform addresses the urgent need for effective climate action in the corporate world. Anna and Vineet have built a truly impressive line-up of enterprise customers and are well-positioned to transform corporate climate action, bridging the gap between ambitious targets and tangible impact.

With over 69% of employees urging their companies to invest in sustainability and only 4% of businesses having a transparent climate action plan, Unibloom’s solution is both timely and essential. By integrating climate and financial data into a predictive scenario tool, Unibloom enables rapid, data-driven decisions that align with science-based targets.

Unibloom sits at the heart of Zinc's approach to tackling our biggest societal issues, by partnering with ambitious founders, helping them build world-class teams to develop new, innovative ventures from scratch.” Ella Goldner, Co-Founder of Zinc

Media Contact:

Anna Sandgren, CEO & Co-founder
https://unibloom.world, e-mail: anna.sandgren@unibloom.world
Phone: +44 77 17 646403

Unibloom

Founded by Anna Sandgren and Vineet Ahuja in 2023 at Zinc VC, Unibloom offers a cloud-based, data-driven platform that automates, simulates, scenario plans and integrates climate projects with business forecasts and financial targets. By empowering cross-functional teams, Unibloom aims to accelerate companies' confidence in data-driven decision making to meet their 2030 sustainability targets faster, cheaper, and more effectively across the whole organisation.

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