Chicago Startup IN BOLD PRINT Raises $1m for SMB Sector
Helping businesses in the SMB sector track and report their emissions with ease.
The money raised will be used to develop new features to fulfil the needs of more industries.
IN BOLD PRINT, a minority women-owned, venture-backed startup in Chicago, raised $1 million in pre-seed funding.
The proceeds will support small and medium-sized businesses (SMBs) in the consumer goods supply chain, which should increasingly required to track and report their carbon emissions.
VC414 led the funding round and was joined by other climate-conscious investors. Schreiber Foods and Palermo’s Pizza, customers of IN BOLD PRINT, partook as strategic partners.
The financing happens at the right time when new regulations, such as the recent California ruling, are making it mandatory for businesses to report their carbon emissions. These apply to suppliers and partners, too. When more and more businesses comply with the new regulations, there is a demand for sustainability reporting tools.
Two vibrant and talented women, Ashley Pradhan and Cierra Valor, founded IN BOLD PRINT in 2021. The company's goal is to make carbon tracking easy for businesses of all sizes. Their carbon accounting platform provides easy-to-use dashboards and reports and works similarly to popular accounting tools. This allows businesses to provide their stakeholders with accurate emissions data and help them make informed decisions on ESG and sustainability.
Ashley Pradhan, CEO of IN BOLD PRINT, said: “We founded IN BOLD PRINT with the belief that what’s good for the environment can also be good for business, and we want to help business owners across industries realize that. Whether a business owner is proactively trying to improve their carbon footprint or is being asked for an emissions report by a customer or investor, our goal is to enable them to easily get a snapshot of their emissions and how it can be improved.”
The latest funding round will help the company expand its platform and come up with new features to engage more industries.
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Source: IN BOLD PRINT
