ODOS, a Valencia-based AgriTech startup driving local weather motion within the agri-food sector, introduced that it has closed a €680k funding spherical to increase its technological capabilities and enter new markets.
The spherical was led by Spain’s main dairy cooperative CAPSA FOOD (Grupo Central Lechera Asturiana), with the assist of Mercadona investing via Angels Capital and Tech Switch Agrifood Oficial by CLAVE, a fund backed by agri-food firms.
“The belief our traders place in our mission and administration offers us the power to scale our affect,” mentioned Alejandro Vergara, CEO and Co-founder, ODOS. “With agriculture liable for almost 15% of worldwide greenhouse fuel emissions, remodeling this sector is likely one of the strongest methods to deal with local weather change. We’re right here to assist agri-food gamers comply and thrive with readability, simplicity, and actual outcomes on the bottom.”
Based in 2020 and Co-founded by Alejandro Vergara and Cian White, ODOS is a joint College Faculty Dublin and Trinity Faculty Dublin spin-out firm supported by the data switch groups at each universities.
The ODOS staff is made up of 11 folks from 9 totally different nationalities, which the corporate says displays the worldwide relevance of its mission.
The ODOS Mitigation Toolbox is a digital platform designed to assist organisations transfer from merely measuring their environmental affect to actively lowering it. It allows customers to plan and implement farm-level and provide chain decarbonisation methods throughout Scope 1, 2, and three emissions.
By modelling the cost-effectiveness of incentive programmes and monitoring real-time adoption, the platform helps data-driven decision-making and on-the-ground verification.
Aligned with main sustainability frameworks like CSRD and SBTi, it facilitates each carbon insetting and operational effectivity enhancements to assist significant progress towards Internet Zero targets.
ODOS appears to be like to steer the transformation of the Agri-Meals sector by simplifying knowledge assortment and offering worthwhile methods for firms to take motion with out compromising productiveness. The startup is already working with cooperatives and meals firms throughout Europe.
Managing Director at Angels Pepe Peris emphasises ODOS’s sensible and transformative strategy: “Alejandro has spent a few years targeted on delivering an answer that’s efficient, measurable, and scalable for his shoppers. ODOS gives expertise and technique so firms could make selections that actually scale back their environmental affect.”
Presently supported by the Spanish accelerator Lanzadera, situated in Valenica, ODOS is creating expertise that permits cooperatives and farmers to measure, report, and confirm their environmental affect, maintaining with rising local weather and regulatory calls for.
The entry of Angels, Capsa Meals, and TTAF by CLAVE into ODOS’s capital strengthens its enterprise mannequin and validates its development potential, paving the best way for preliminary offers.
From CAPSA Meals, Rubén Hidalgo, the corporate’s Open Innovation Director, provides: “With the tailor-made undertaking at Cian, Alejandro and his staff guarantee our twin goal: to again proficient entrepreneurial groups and to strengthen the dairy sector via expertise and innovation, reaching better environmental, social, and financial sustainability for our business.“
