Berlin, Germany-based carbon credit marketplace Ceezer raised EUR 4.2 million in fresh funding. The company announced the news on September 06, 2022. Carbon Removal Partners led the financing for the firm. Norrsken VC and existing investor Picus Capital also participated in the round.
Purpose of Investment for Ceezer
With the fresh round of proceeds, the company intends to expand its impact and sourcing team. It aims to make removal technologies more accessible to corporate buyers.
The company also has plans to increase its product offering. It seeks to support credit sellers and buyers to find long-term offtake agreements and better plan for a supply-constraint future. Earlier in April 2022, the company raised funding in its pre-seed round.
What the founder has to say
Founder and CEO Magnus Drewelies said: “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.”
What the investors have to say
Oliver Heinrich of Picus Capital said, “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.”
Tove Larsson, General Partner at Norrsken VC, said, “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.”
In addition, Benjamin Schulz and Maximilian Zeller of Carbon Removal Partners said, “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. We are excited to partner with the team to make CDR better accessible and approachable for corporate clients.”
About the company
In 2021, Magnus Drewelies founded the company. Ceezer’s platform provides organizations access to and supports the complex voluntary carbon market. Companies can use the tool to partner with high-quality carbon projects. It leverages data to fuel its net-zero ambition with maximum impact. The company serves more than 50 corporate customers. It also works with project developers such as X-Prize winner Carbon Built. Its customer base is present in regions such as Europe and the U.S.
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