Tuesday, July 23, 2024

LogicLadder Raises $2.5M in Funding Led by BIG Capital and Zerodha

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LogicLadder, a leading company in sustainability management and climate action software, has raised $2.5M in a Series A funding round. This round was led by BIG Capital from Singapore and Vietnam, and Zerodha’s Rainmatter. The new funding will help LogicLadder expand its global reach, especially in South Asia and North America.

About LogicLadder

Founded in 2011 by Mayank Chauhan and Atindra Chandel, LogicLadder provides a platform called The Sustainability Cloud (TSC). This platform helps businesses manage their ESG (Environmental, Social, and Governance) responsibilities, track carbon emissions, ensure environmental compliance, and generate sustainability reports. TSC adheres to global standards like the GHG Protocol, SBTi, GRI, CDP, CSRD, SASB, BRSR, CBAM, and GRESB. LogicLadder’s products, including TSC Water, TSC Energy, and TSC Enviro, focus on efficient decarbonization and sustainability in water and waste management.

Leadership Comments

Mayank Chauhan, Co-founder and CEO of LogicLadder expressed his excitement after $2.5M in funding about this new phase, saying, “We’re thrilled to begin a new chapter in LogicLadder’s journey with our global expansion. A significant portion of the new funding will be dedicated to new product augmentations and capacity expansion, ensuring our solutions remain in sync with the ever-evolving landscape of environmental compliances.”

Atindra Chandel, Co-Founder and SVP of Products & Marketing at LogicLadder, highlighted the company’s strong presence in the environmental compliance and sustainability reporting sector in India. He said, “Our product, The Sustainability Cloud, is well established with more than 1000 enterprise customers in India. We have revamped our product to meet the latest standards and global regulations and have started marketing it in multiple countries. This funding round will help us accelerate our global expansion.”

LogicLadder $2.5M Funding

Purpose of Fundraising

The fresh capital will support LogicLadder in expanding its operations globally, particularly in South Asia and North America. The startup plans to enhance its product offerings and increase its capacity to meet the growing demand for climate action solutions. This strategic move comes at a time when there is a significant surge in investments within the climate tech space, reflecting the increasing importance and demand for environmental solutions.

Investor Comments

Preetinder Panjarath, CFO at BIG Capital, emphasized the importance of innovative solutions to combat climate change. He stated, “Climate change is now one of the biggest challenges facing us. Its scale and impact call for urgent innovative solutions to mitigate its progress and drive sustainable growth. We are proud to join hands with LogicLadder, a market leader in the climate action space that makes compliance and reporting easier for enterprises.”

Dinesh Pai, Head of Investments at Rainmatter by Zerodha, highlighted the critical role of LogicLadder’s solutions in tackling climate change. He said, “Climate change is no longer a future event — water scarcity, erratic weather patterns, diminishing wildlife — we are already experiencing the consequences. Measuring and tracking climate data is complex. Most organizations rely on third-party software services for this. LogicLadder offers a key sustainability solution for enterprises.”

LogicLadder’s successful funding round and plans for global expansion underscore the growing importance of sustainability and environmental compliance in today’s business world.

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