The Venture Codex

Participated · Series A · Nov 2022

CoreZero, founded in March 2020 by Jean Pierre Azañedo and Ignacio Bordigoni, operates a digital platform that generates carbon credits from food rescued by food banks and from wastewater treatment impacts. The platform plugs into partners' systems to track impact, uses blockchain for traceability, and works with third-party validators to certify credits. CoreZero currently sells credits on a case-by-case basis and has explored adding an on-platform purchase feature. The company reduced the time to generate a carbon credit from three years to about five months through digital automation and external validation. In 2022 CoreZero created 225,000 carbon credits and plans to generate at least 4.4 million over the next ten years. It is active in Mexico and Colombia with imminent expansion planned to Saudi Arabia, Qatar, and the U.S., and counts retailers, banks, and CPG companies among interested partners. The team totals 27 people, including three full-time employees in Miami.

Participated · Seed · Sep 2021

Cargamos operates a last-mile logistics platform that combines a cloud-based routing and orchestration system with a network of mini distribution centers called "pods" and its own delivery fleet. Pods are placed in unused urban spaces like parking garages and malls to shorten delivery distances and enable quick-commerce deliveries in around two hours; third-party carriers can also connect to the network. The company currently operates about 50 pods and plans to more than double that number in the next six months while building a large fulfillment facility in Mexico City to serve smaller and mid-sized retailers. Cargamos works with three of Mexico’s largest retailers, including Liverpool, and serves the top 50 companies with e-commerce channels in the country. About 25% of its delivery fleet is zero-emissions vehicles, and the company says its model can reduce the carbon footprint per package by 80%. Founded in 2019, Cargamos aims to expand nationally across Mexico and pursue mid- to long-term entry into the U.S. and Colombian markets.