Berlin’s CEEZER, a key player in the carbon credit market, has successfully closed a Series A funding round, raising €10.3 million. The round was led by HV Capital, with contributions from existing investors Norrsken VC, Picus Capital, and Carbon Removal Partners. This funding will be used to expand CEEZER’s presence in the US, bolster its team, and launch innovative carbon portfolio financing solutions.
CEEZER’s mission to enhance transparency and accessibility within the carbon market takes a significant leap forward with this latest funding. Founder and CEO Magnus Drewelies emphasizes the importance of extending its global footprint to enable more companies to manage their carbon credit portfolios efficiently and deliver on ambitious climate strategies.
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Addressing Carbon Market Challenges
The company aims to simplify the complex process of selecting and purchasing the right credits to meet emission targets, which is often hindered by varied standards, inconsistent credit quality data, and significant price differences. CEEZER provides a professional toolkit for managing carbon credit portfolios, tackling these challenges head-on.
Unique Offerings of CEEZER’s Platform
As the only platform harmonizing the global carbon market for both buyers and sellers, the startup ensures easy, secure, and direct access to high-quality projects. Utilizing over 3.5 million data points and employing scientific, AI-driven, and peer-reviewed methodologies, the platform clarifies quality, risk, and impact differences among projects, simplifying decision-making for businesses.
Building Trust and Partnerships
Having earned trust and partnerships among industry leaders, CEEZER serves over 50 corporate customers, including Siemens and Zooplus. Collaborating with more than 150 project developers, the startup is actively contributing to driving superior climate finance solutions and working towards the goals of a net-zero economy.
Investor Perspectives on CEEZER’s Impact
Investors like David Kuczek of HV Capital and Oliver Heinrich of Picus Capital highlight CEEZER’s role at the forefront of architecting key infrastructure for the voluntary carbon market, praising its data-centric and holistic approach.
Expanding Team and Focus
With a current team of 35 in Berlin and New York, CEEZER plans to use part of their recent funding to expand both their project developer and impact teams, as well as roles focused on working with enterprises, further establishing themselves as a leading player in the carbon credit market.
The successful Series A funding round not only positions the company for significant growth but also underscores the increasing importance of data-centric solutions in the voluntary carbon market, as companies worldwide strive to meet ambitious climate goals.
