In addition to the standard carbon offset resellers and exchanges akin to Local weather Accomplice or Local weather Influence X the tech house has additionally produced a couple of, together with Patch (US-based, raised $26.5M) and Lune (UK-based, raised $4M).
Now, Ceezer, a B2B market for carbon credit, has closed a €4.2M spherical, led by Carbon Removing Companions with participation of impact-VC Norrsken VC and with current investor Picus Capital.
Ceezer ’s pitch is that firms must cope with lots of complexity when contemplating how they handle carbon removing and discount related to their companies. Whie they’ll purchase offsetting credit, the market stays fairly ‘wild-west’, and has a number of competing requirements working in parallel. For example, the value vary of $5 to $500 per ton is clearly in every single place, and generally carbon offset resellers make patrons pay excessive costs for low-quality carbon credit, pulling in additional revenues from a really opaque market.
The startup’s providing is for corporates to combine each carbon removing and avoidance credit in a single package deal. It does this by mining the offsetting market for many information factors, enabling carbon offset sellers to achieve patrons with out having to make use of these middle-men resellers.
The startup claims that sellers now not waste money and time on bespoke contracts with corporates however as a substitute use Ceezer’s authorized framework for all transactions. Concurrently, patrons can entry credit at a major market degree, maximizing the impact of the {dollars} they spend on carbon offsets.
Ceezer says it now has over 50 company clients and has 200,000 tons of carbon credit to promote throughout quite a lot of classes. and can use the funds to increase its impression and sourcing workforce, the thought being to make carbon removing applied sciences extra accessible to company patrons, plus widen the product providing for credit score sellers and patrons.
