Cleantech SaaS Platform Receives Funding
LogicLadder, a leading cleantech Software-as-a-Service (SaaS) platform, has raised $2.5 million through a funding round. This investment, co-led by Singapore-based private equity company Big Bang Capital and Rainmatter, the investment arm of prominent Indian brokerage Zerodha, will support LogicLadder’s ambition to help businesses accomplish their decarbonization objectives.
Sustainability Cloud: A Holistic Approach
LogicLadder, founded in 2011 by Atindra Chandel and Mayank Pratap Chauhan, provides a comprehensive suite of software solutions that enable businesses to successfully gather, analyze, and exploit environmental and energy data. The company’s primary product, Sustainability Cloud, provides as a central platform for organizations to reduce their environmental footprint while increasing operational efficiency.
Funding Fuels Growth and Innovation
LogicLadder plans to strategically utilize the newly acquired capital to propel its growth trajectory across two key regions: South Asia and North America. This expansion will enable the company to serve a wider clientele and establish a stronger global presence. Additionally, a portion of the funding will be allocated towards bolstering LogicLadder’s tech stack and expanding its product portfolio.
“A significant portion of the fresh funding will be dedicated to developing innovative new product features and augmenting our existing capabilities,” said LogicLadder co-founder and CEO Chauhan in a recent interview with the Economic Times. “This strategic investment ensures that our solutions remain at the forefront of environmental compliance, constantly adapting to the evolving regulatory landscape.”
Investor Confidence in LogicLadder’s Vision
The successful funding round underscores the confidence that prominent investors hold in LogicLadder’s vision and capabilities. Commenting on the development, Dinesh Pai, Head of Investments at Rainmatter, remarked, “Measuring and tracking climate data is a complex and multifaceted undertaking. Most organizations rely on reliable third-party software services to guide them through this journey. LogicLadder stands out as a key provider of sustainability solutions that empower enterprises to make informed decisions regarding their environmental impact.”
LogicLadder: A Partner for Sustainability Leaders
LogicLadder boasts an impressive roster of marquee investors, including the ONGC Foundation, Aditya Birla Group, JioGenNext, and Shell. The company’s proven track record has demonstrably translated into a loyal customer base exceeding 900 businesses. LogicLadder’s clientele encompasses industry giants such as Reliance, Adani Power, and Coca-Cola, highlighting the platform’s ability to cater to the needs of diverse organizations.
Cleantech on the Rise: A Thriving Investment Landscape
LogicLadder’s funding success reflects the burgeoning interest in the cleantech sector from a growing pool of investors. Heightened environmental awareness has fueled a surge in demand for innovative solutions that address climate challenges. This trend is evident in recent funding rounds secured by other Indian cleantech startups. For example, Varaha, a climate tech business, raised $8.7 million in a Series A fundraising round headed by RTP Global in early 2024. Similarly, EcoRatings received $1 million in pre-seed fundraising from a group of investors earlier this year. In April 2024, Accacia, a real estate-focused cleantech firm, completed its pre-Series A investment round, raising $6.5 million headed by Illuminate Financial.
Empowering Businesses for a Sustainable Future
LogicLadder’s funding accomplishment serves as a testament to the growing recognition of the critical role that technology plays in facilitating corporate sustainability initiatives. By equipping businesses with the tools and data necessary to make informed decisions regarding their environmental impact, LogicLadder is well-positioned to empower organizations on their decarbonization journeys and contribute to a more sustainable future.
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