Sustainable supply chain LogD announced that it has successfully completed its first investment round. LogD’s Milk Run Management System, a sustainable and innovative application in the logistics supply chain, received investment from Founder One, an impact investment fund that supports early-stage technology-focused impact entrepreneurs.
Sustainable supply chain LogD announced that it has successfully completed its first investment round. LogD’s Milk Run Management System, a sustainable and innovative application in the logistics supply chain, received investment from Founder One, an impact investment fund that supports early-stage technology-focused impact entrepreneurs.
LogD Milk Run Management System, which is a first in its field in Turkiye, continues to grow with the application of new technology, operations and sustainable environmental materials developed in the logistics supply chain. Founded to transform the negative effects of the logistics industry on the environment and economy into positive, LogD provides more added value to both nature and brands with the sustainable supply chain solutions it has developed.
LogD, which continues to expand its operational processes that it started with Turkiye’s leading retail brands, states that it has a good opportunity to accelerate its growth with the investment of the impact investment fund Founder One.
LogD contributes to the protection of nature by offering an innovative system in the supply chain sector. LogD, which prevents the cutting of trees with its Milk Run Management System, and supports the sustainability goals of companies by reducing their carbon footprint and water consumption, reduces the companies’ supply chain costs and contributes to the circular economy.
Founder One Investment Committee Member and General Manager Ali Sahin stated that they are very happy to invest in a local startup that supports Founder One’s sustainable supply chain sector with the new technology they have developed.
Ali Sahin:
“As Founder One, which we, as the Turkish Entrepreneurship Foundation and the Turkish Informatics Foundation, established with the partnership of Maxis Venture Capital Portfolio Management, we will continue to support initiatives that add value to the society by investing in other areas of influence.”
LogD Founder Seyhan Gulhan:
“We are delighted to have the support of impact mutual fund Founder One on this investment round. The investment will have a significant impact on our integration and further development of our first-of-its-kind system with our sustainable solutions. This investment is just the beginning to see the potential and impact of our initiative. We will continue to develop the Milk Run Management System in Turkiye and abroad.”
LogD, which has prevented the formation of a carbon footprint of more than one million kilograms and the cutting of thousands of trees since its inception, plans to reduce its carbon footprint of more than 325 million kilograms by the end of 2023 with the solutions it offers. LogD donates trees to neutralize the carbon footprint it creates by producing responsibly towards nature.
Source: Egirisim / Prepared by Irem Yildiz