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 Turkey, continues to grow with the application of new technology, operations and sustainable environmental materials it has 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 Turkey'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 supply chain costs of the companies and contributes to the circular economy.
Founder One Investment Committee Member and General Manager Ali Şahin 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 Şahin said, “As Founder One, which we established as the Turkish Entrepreneurship Foundation and Turkish Informatics Foundation, 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.”< /h5>
LogD Founder Seyhan Gülhan said, "We are happy to have received the support of the impact investment fund Founder One in this investment round. The investment will have a significant impact on our integration and further development of our system, which is a first in its field, with our sustainable solutions. The potential and impact of our initiative. "This investment is only the beginning for the sake of seeing it. We will continue to develop the Milk Run Management System in Turkey and abroad," he said.
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 through environmentally responsible production.
About LogD
Founded in 2021, it first started operating in the retail sector with the Milk Run Management System in October 2022. LogD continues to grow with its service network spread all over Turkey by diversifying the sectors in which it operates in a short time. LogD pioneers the transformation of the logistics supply chain with sustainable solutions with the most important brands of Turkey and the world, such as Altınyıldız Classics, Beymen, English Home, KİP, Dagi, Damat Tween & DS Damat, Koton, Ramsey, Hakimi, Jimmy Key, Teknosa, with which it has collaborated so far.
About Founder One
Founder One, which was established with the cooperation of Turkish Entrepreneurship Foundation, Turkish Informatics Foundation and Maxis Private Equity Portfolio Management Inc., including Faruk Eczacıbaşı and Sina Afra among the members of the Investment Committee, invests in Turkey-based startups as a new generation impact fund and provides commercial and impact funds. By sharing its focused experiences, it ensures that financial resources are used for a healthier planet and society. The fund, which aims to invest in approximately 100 startups with a fund of 300 million TL, invests in startups that will create a sustainable positive impact on society and the environment, at the idea and seed stage.
MEDIA REFLECTIONS
