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We last covered carbon paper credits startupCeezerin late 2022 when itraiseda € 4.2 million ( $ 4.5 m ) germ round .
Then , as now , Ceezer was part of the new wave of technical school - drive offsetting and/or removal chopine trying to bring in transparency and cohesion to a sector that has been rocked by heraldic bearing of “ green - washing . ”
Whatever it ’s doing , its investors think it ’s on to something , because it ’s now put forward a € 10.3 million ( $ 11.2 million ) Series A support round led by HV Capital , alongside live investor Norrsken VC , Picus Capital , and Carbon Removal Partners .
The ship’s company plans to apply the monetary resource to set in motion in the U.S. , hire , and grow its client al-Qaida , as well as introduce further atomic number 6 financing solutions for its corporate customers . As previously , Ceezer is tender what it draw as a unsubdivided way for both vendee and sellers of C recognition to make decisions , employ “ over 3.5 million data points . ” It now has clients such as Siemens and Zooplus .
Founder and CEO Magnus Drewelies told me over a call that “ U.S. customers really care to work with a local contact , so a client naturally prefer to do that in their own legal power , ” hence the geographical expansion .
He also thinks the voluntary carbon marketplace ( VCM ) will progressively wager a boastful theatrical role in the U.S. because of “ growing regularization and regulative aspects . ” He ’s “ seen quite a lot of progress at the U.S. nation stage ” on regulation , so Ceezer project to take advantage of that .
Drewelies recollect the market for VCM will rise because “ a mess of our customer are really moving to multi - year portfolios . If you have an challenging net - zero commitment , you demand to set off securing your supplying for final zero now , because you do n’t want to be left standing , having made a public commitment to last zero , but then demand to ante up a terrible amount of money in the future , because there ’s no supplying leave . ”
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David Kuczek , general partner at HV Capital , commented in a statement that this “ data point - centric and holistic advance ” sets the startup apart from others .
However , this is not the only advance to the global issue of carbon . Other startups are attacking the problem in a different manner .
Supercritical launched aiming at the technology sector , concentrating on new technologies for C removal .
Last yr itraiseda $ 13 million Series A support round , lead by Lightspeed Venture Partners . It aggregates business demand for abridge - edge carbon removal technology , in a similar scenario to Tesla get out with an galvanising sports car so that it could finally launch a family saloon .
AndCUR8 , which last yearraised$6.5 million in a pre - seed funding led by GV ( Google Ventures ) , provides pre - packaged portfolios of carbon removals for companies .
Then there is Patch in the U.S. , which has set up $ 81.5 million , from the ilk of Andreessen Horowitz and others .
But more generally , the C removals and countervail grocery is still humble , as carbon reference and removal are still a voluntary cognitive operation . And there remain hurdles . branch have give-up the ghost out of way because of scandal around greenwashing , but C removal are much more expensive to bribe because the technologies to remove carbon from the atmosphere are still so early .
That said , Marta Krupinska , co - father of CUR8 , thinks there will be an increase uptake in need in the next few years , driven by regulation and conformation . While that tendency has not yet hit , “ all the startups are pose for regulation and compliance , ” she says .
She thinks the secret plan for startups in this place will be “ land and dilate . ” “ Land as many deals as you may , depart build relationships , build your brand , and then survive until a point when the market expands and there is actually a lot of money to make , ” she told me .
That suggests that there will also be consolidation , with some companies engaging in M&A.
do it to say that the panel is still out on how this grocery store will play out and whether the mart or pre - box carbon paper portfolio feeler will give back for tech investors in the farsighted trial .
