CEEZER, a Berlin-founded carbon credits marketplace, has raised €4.2M funding in a fresh round, led by Carbon Removal Partners with the participation of Norrsken VC and with existing investor Picus Capital (who also participated in the funding round of Hadrian, the world’s first autonomous cybersecurity startup).
The German company will use the funds to expand its impact and sourcing team and increase its product offering to support credit sellers and buyers to find long-term offtake agreements and better plans.
Founder and CEO Magnus Drewelies, says, “We are incredibly excited to partner with two of the most exciting investors in the climate space, alongside our existing investor Picus. We think this is a perfect set-up to strengthen further our ties in the still emerging climate tech ecosystem.”
Currently, companies face a myriad of challenges and uncertainties when it comes to external carbon removal and reduction. With multiple standards running in parallel and often unreliable information on credit quality, many companies struggle to balance impact, budget, and risk.
Voluntary carbon market
Founded by Magnus Drewelies, CEEZER is a Berlin-based digital platform that provides corporates with access to and supports the complex voluntary carbon market. The platform makes planning, purchasing, and monitoring complex compensation portfolios simple.
As a result, the company partners directly with project owners who share the ambition to mitigate climate change. CEEZER serves over 50 corporate customers ranging from DAX30 to startups and scale-ups in Europe and the US.
The company works with leading project developers, including the world’s largest developer South Pole and leaders in carbon removal, such as X-Prize winner CarbonBuilt.
While approaching the VCM in the most possible data-driven and holistic way, CEEZER provides the perfect tool for corporate carbon buyers to move into high-impact compensation solutions transparently,” say Benjamin Schulz and Maximilian Zeller of Carbon Removal Partners. “We are excited to partner with the team to make CDR better accessible and approachable for corporate clients.”
Tove Larsson, General Partner at Norrsken VC, says, “We are very impressed with the CEEZER team and their approach to the voluntary carbon credits market. With a strong focus on the supply side of this equation, they have built a platform that helps project owners manage and scale their carbon-reducing solutions, thereby addressing one of the key bottlenecks in this industry.”
“We are excited to continue our journey to make the VCM more impactful with CEEZER. The team has gained significant traction in the past months, and we cannot wait for the next chapter,” says Oliver Heinrich of Picus Capital.
