Cold
AI-powered sustainability compliance and automated reporting platform.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $2.7m | Seed | |
| Total Funding | 000k | ||
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Cold Climate PBC provides a sustainability management platform that uses artificial intelligence to streamline and automate compliance and reporting for businesses of various sizes. Founded in 2023 by Eric Dayton and Dan Lindquist, the Minneapolis-based company launched its platform in early 2024 to offer a more efficient solution than manual reporting. The founders' backgrounds directly influenced the company's creation; CEO Eric Dayton previously founded Askov Finlayson, a climate-positive outerwear brand, where he experienced the challenges of sustainability compliance firsthand. Co-founder Dan Lindquist brings experience in creating SaaS solutions as the former Chief Product Officer at Mainstreet.
The company targets the growing need for businesses to manage complex sustainability reporting requirements from enterprise customers, certification bodies, and regulatory agencies. Its software-as-a-service (SaaS) platform centralizes compliance frameworks, aggregates sustainability data, and automates reporting, which can occupy up to 40% of a sustainability leader's time. This allows clients to focus on implementing environmental impact reductions rather than on paperwork. The platform's features include a data management tool for material, supplier, and product-level reporting and an end-to-end solution for Extended Producer Responsibility (EPR) compliance. The business serves leading brands primarily in the apparel and outdoor industries, such as Bombas, Peak Design, and Outdoor Research.
In November 2024, Cold raised $2.65 million in a pre-seed funding round led by York IE, with participation from Better Ventures and notable retail industry leaders. This capital is aimed at expanding the engineering team and accelerating product development. The company operates as a privately held, venture capital-backed entity and generates revenue through its SaaS platform.
Keywords: sustainability management, compliance automation, ESG reporting, climate tech, regulatory compliance, SaaS, environmental reporting, sustainability data, extended producer responsibility, supply chain compliance, automated reporting, carbon footprint, decarbonization, product compliance, climate compliance, green tech, corporate sustainability, environmental regulation, responsible sourcing, impact reporting