Mondra, an AI-powered supply chain intelligence platform, has closed a £10m fundraising to fuel its European expansion.
The tech firm, which was developed in coalition with the British Retail Consortium, works will the likes of Lidl, Aldi, Tesco and Co-op.
Mondra uses its digital twin technology to map complex, previously untraceable supply chains to help manage product-level performance from farm to fork.
From carbon and broader environmental impacts to climate-related supply chain risks and price volatility, Mondra provides live tracking across supply networks, integrating this intel directly into the systems and tools used by major retailers, food manufacturers and suppliers.
Mondra said this enabled food companies to analyse the environmental impact of every product sold, understand revenue at risk from climate disruption, generate audit-ready data for ESG compliance, model sourcing risks and alternatives, and engage suppliers with insights and tools.
Its £10m Series A funding round was led by early-stage technology investor AlbionVC and Planet A Ventures, with support from Swisscom, PeakBridge, Ponderosa Ventures and Green Circle Foodtech Ventures.
Mondra plans to use the money to accelerate expansion into core European markets, including the Netherlands, Germany and France. It will also support the development of new product capabilities, extending beyond emissions management into supply chain disruption and climate risk management.
“This investment marks a defining moment for Mondra as we scale our UK success and expand across Europe,” said Mondra founder and CEO Jason Barrett.
“Food businesses today must decarbonise, comply with new regulations, and navigate growing supply chain volatility. Mondra empowers them to act with confidence – turning sustainability goals into measurable, resilient outcomes.”
AlbionVC partner Adam Chirkowski added: “We see significant opportunity ahead for Jason and the Mondra team as they build a category-defining digital twin technology to strengthen supply chain resilience across the food and beverage sector. Their progress in creating the UK coalition, securing European partnerships and gaining access to some of the world’s largest retailers underscores the strong momentum behind their vision.”
Planet A general partner Nick de la Forge said: “We are at the brink of a global food crisis. From climate change and costs to supply security. Mondra is building the data intelligence that is pivotal in driving the food industry towards greater resilience, sustainability, and long-term competitiveness.”
The latest fundraise followed a £3.4m pre-Series A round last year to accelerate the rollout of the Mondra platform to UK grocers.
In 2024, Mondra also launched an AI-powered assistant, Sherpa, into the platform. Described by Microsoft CEO Satya Nadella as “having great potential to enable food system net zero”, Sherpa acts as a co-pilot for business stakeholders, guiding decisions across the supply chain, from climate and social resilience to risk and financial performance.
In December 2023, UK supermarkets and the BRC unveiled a new coalition to start using a common carbon footprinting model across their supply chains, under a system led by Mondra, as a precursor to the launch of mandatory government targets.
Tesco, M&S, Ocado Retail, Sainsbury’s and Asda, as well as a major suppliers such Avara, Samworth Brothers, Pilgrim’s, Dunbia, Greencore, Bakkavor and Cranswick, have joined the BRC and Mondra coalition.
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