CEEZER, a Berlin-based marketplace for carbon credits, has raised €4.2 million, in a new round of funding led by Carbon Removal Partners with participation from Norrsken VC and existing investor Picus Capital (who also invested in the funding round of Hadrian, the first autonomous cybersecurity startup in the world).
To assist credit sellers and buyers in locating long-term offtake agreements and better planning, the German company will utilize the cash to grow its impact and sourcing teams as well as to broaden its product offering.
“We are tremendously delighted to join with two of the most intriguing investors in the climate area, together with our existing investor Picus,” says founder and CEO Magnus Drewelies. We believe that this is the ideal circumstance to deepen our connections with the still-emerging climate technology ecosystem.
When it comes to the removal and reduction of external carbon, businesses currently confront a wide range of difficulties and uncertainties. Many businesses struggle to strike a balance between impact, budget, and risk due to competing standards and frequently incorrect information on credit quality.
Magnus Drewelies founded CEEZER, a digital platform based in Berlin that gives corporations access to and supports the intricate voluntary carbon market. The software makes it easy to plan, buy, and monitor complicated compensation portfolios.
As a result, the business works closely with project owners who are also committed to reducing climate change. Over 50 corporate clients, including startups and scale-ups in the US and Europe’s DAX30, are served by CEEZER.
The business collaborates with top project developers including the South Pole, the largest developer in the world, and pioneers in carbon removal like X-Prize winner CarbonBuilt.
According to Benjamin Schulz and Maximilian Zeller of Carbon Removal Partners, “CEEZER provides the ideal instrument for corporate carbon purchasers to move towards high-impact compensation solutions openly while engaging the VCM in the most data-driven and comprehensive way possible. We are thrilled to collaborate with the team to improve CDR’s approachability and accessibility for corporate clients.
We are quite impressed with the CEEZER team and their approach to the voluntary carbon credits market says Norrsken VC General Partner Tove Larsson. They have developed a platform that assists project owners in managing and scaling their carbon-reducing solutions, thereby tackling one of the major bottlenecks in this market.
“We are eager to carry on with CEEZER in our mission to increase the impact of the VCM. We are eager about the next phase because the team has made great progress in recent months, says Oliver Heinrich of Picus Capital.