Bardo secures additional funding with a EUR 3 million investment from Cherry Ventures.
Europe’s leading early-stage venture capital firm, Cherry Ventures, has invested EUR 3 million in Bardo to finance the expansion of the team and advance the build of Bardo’s disruptive carbon intelligence platform.
“We are really excited to partner with Cherry, as they are clearly founders-first and have an unrivalled track record of taking start-ups from pre-seed to Series A, and beyond. Cherry will give us invaluable support on our journey and provide access to a German and pan-European customer base, as well as follow-on investors globally”, says Carl-Johan Westring, Co-founder of Bardo.
Cherry joins a cap table with one of the world’s largest industrial impact scale-ups, Stegra, and many prominent Nordic angel investors, who all believe in Bardo’s vision to help the world steer towards net zero.
“We’re backing Bardo as their exceptional team is spearheading a disruptive product and creating a new category - Carbon Intelligence”, says Sophia Bendz, General Partner at Cherry Ventures.
About Bardo
Bardo is on a mission to accelerate global decarbonization by introducing Carbon Intelligence to the world. Headquartered in the tech hub of Stockholm, Bardo was conceived at Stegra (formerly H2 Green Steel), whose green ambition throughout their value chain demands next level carbon management. By blending cutting-edge AI with deep data insights, Bardo is unlocking a fundamentally new level of accuracy and understanding that will transform how companies manage their carbon footprint. Our vision is to help the world steer towards net zero by enabling global businesses to make fact-based decisions that reduce environmental impact AND improve profitability.
Investors.
Cherry — Founded in 2012, first as an angel fund, by Filip Dames and Christian Meermann, Cherry is an early-stage venture capital firm based in Berlin, London and Stockholm. We’re an investment team of former entrepreneurs and operators who’ve built fast-scaling companies such as Zalando, Spotify and Uber. At the moment, our entire team is working with +100 active portfolio companies across Europe with the support of our extensive entrepreneur pool of Europe’s top founders and operators from Dropbox, Zalando, Spotify, N26, Skype, Supercell, Wolt, Doordash and others.
Stegra — Founded in 2020, Stegra was created with the purpose to decarbonize hard-to-abate industry. We're leading a clean industrial revolution, starting with steel. Our first plant is under construction in Boden in northern Sweden. We’re on track to produce green steel by 2026, using green hydrogen and green iron to slash emissions by up to 95%. But this is just the start. We want to limit the carbon footprint of other heavy industry sectors, as well. A green future is possible, and we’re making it happen.
"We’re backing Bardo as their exceptional team is spearheading a disruptive product and creating a new category - Carbon Intelligence"
