ENVIRONMENTAL SUSTAINABILITY

CEEZER Attracts €10.3 Million in Series A Funding to Expand Global Presence and Advance Carbon Credit Portfolio Management Solutions

With the funding, we can extend our global footprint and enable more companies to proficiently manage their carbon credit portfolios, optimize climate impact, and ultimately deliver on ambitious climate strategies.

By Donna Joseph
Jan 30, 2024 1:13 AM
CEEZER Photo by SBR

CEEZER has announced securing €10.3 million in a Series A funding round for its carbon credit platform. Companies dealing with carbon removal and reduction complexities often struggle to choose and purchase credits aligned with emission targets due to varying standards, inconsistent credit quality data, and significant price differences. CEEZER addresses these challenges by providing a professional toolkit for managing carbon credit portfolios, offering direct access to high-quality projects.

Leveraging over 3.5 million data points and employing scientific, AI-driven, and peer-reviewed methodologies, the platform enhances transparency in quality, risk, and impact differences among projects. Currently serving over 50 corporate customers, including Siemens and Zooplus, CEEZER collaborates with over 150 project developers to contribute to the goals of a net-zero economy.

Magnus Drewelies, founder and CEO of CEEZER, considers the funding pivotal for the company's progress, stating, “With the funding, we can extend our global footprint and enable more companies to proficiently manage their carbon credit portfolios, optimize climate impact, and ultimately deliver on ambitious climate strategies.”

HV Capital led the funding, supported by existing investors Norrsken VC, Picus Capital, and Carbon Removal Partners. David Kuczek, General Partner at HV Capital, emphasized CEEZER's role in architecting key infrastructure for the voluntary carbon market, praising its unmatched transparency and streamlined transactions. He highlighted CEEZER's emergence as the prime platform for corporate carbon buyers seeking high-impact portfolio compensation solutions.

CEEZER plans to use the funds to establish its presence in the US, enhance its team, and elevate service excellence for a growing customer base. The company also aims to introduce additional carbon financing solutions for corporate buyers and project developers to facilitate investments in large, multi-year portfolios.


What To Read Next

Unilever Explores Sale of Food Division to McCormick as Focus Turns to Personal Care

Unilever Explores Sale of Food Division to McCormick as Focus Turns to Personal Care

Unilever is shifting its focus to faster-growing areas, placing greater emphasis on personal care, beauty, and household products.
What is Hunter Alpha
Hunter Alpha is believed to have roughly one trillion parameters, placing it among the largest language models currently known.
Nations with Robust Grids Pull Ahead in AI Expansion Race
AI development depends on uninterrupted electricity. Regions with stable supply attract new facilities, while limited grids can slow or redirect expansion.

Business





More on Financial Literacy

Content provided by finlittoday.com
Financial Literacy Post
PMP Certification and AI Upskilling Boost Salaries for Project Management Professionals,
Financial Literacy Post
PMP Certification and AI Upskilling Boost Salaries for Project Management Professionals,
Financial Literacy Post
PMP Certification and AI Upskilling Boost Salaries for Project Management Professionals,
Financial Literacy Post
PMP Certification and AI Upskilling Boost Salaries for Project Management Professionals,
Financial Literacy Post
PMP Certification and AI Upskilling Boost Salaries for Project Management Professionals,
Financial Literacy Post
PMP Certification and AI Upskilling Boost Salaries for Project Management Professionals,
Financial Literacy Post
PMP Certification and AI Upskilling Boost Salaries for Project Management Professionals,
Financial Literacy Post
PMP Certification and AI Upskilling Boost Salaries for Project Management Professionals,
Financial Literacy Post
PMP Certification and AI Upskilling Boost Salaries for Project Management Professionals,