Read previewGerman startup Ceezer, which helps companies plan, buy, and manage their carbon credit portfolio, has just raised 10.3 million euros, around $11.2 million, in Series A funding.
Carbon credit marketplaces and accounting tools boomed in 2021 as large companies rushed to understand and offset their emissions.
They were all vying for a slice of the projected $250 billion voluntary carbon market by 2050 , where private companies buy and sell carbon credits.
Carbon credits are typically bought after achieving their stated impact, but this requires project developers to have cash upfront to get started, Drewelies said.
AdvertisementThe fresh funding, led by HV Capital, will be used to launch new financial products so that project developers can unlock pre-financing.
Persons:
—, Magnus Drewelies, Drewelies, Ceezer
Organizations:
Service, Business, Siemens, HV Capital, Norrsken, Picus, Partners
Locations:
Berlin, New York