Copenhagen-based startup Klimate.co has successfully raised €3.5 million in seed funding to propel its mission of addressing climate change through innovative carbon management solutions. The funding round was led by Eneco Ventures and Helen Ventures, with participation from existing investors Rockstart and the Export and Investment Fund of Denmark (EIFO).
Founded in 2020, Klimate.co has swiftly positioned itself as a forward-thinking company dedicated to helping businesses achieve Net Zero by combining top-tier carbon removal methods. The startup’s CO₂ asset management platform strategically allocates funds to carbon removal projects, allowing businesses to transform carbon liabilities into valuable future assets.
The funding will be instrumental in Klimate.co’s plans to expand its team, scale internationally, and further develop its cutting-edge software platform. The startup currently boasts 11 employees and serves clients across northern Europe and the US, making it one of the world’s largest resellers of permanent carbon removal, according to CDR.fyi.
Katja Grothe-Eberhardt, Founder and CEO of Klimate.co, emphasised the importance of the investment in the carbon removal mission. She stated, “This investment is a testament to our commitment to combating climate change and advancing carbon removal technologies.”
Eneco Ventures and Helen Ventures, as lead investors, shared their excitement about partnering with Klimate.co. Robert Blom, Investment Director at Eneco Ventures, described Klimate’s CO₂ asset management platform as a game-changer in how businesses manage carbon removal, particularly for future removals.
Rockstart, through its Energy fund launched in 2020, has been a key supporter of Klimate.co. Max ter Horst, Managing Partner of Rockstart Energy, highlighted Klimate’s unique proposition in the expanding sector of carbon removal initiatives. He emphasized Klimate’s ability to make such projects bankable and scalable while supporting businesses in optimizing their carbon removal portfolios.
As Klimate.co secures this significant funding, it marks a pivotal step in the global effort to combat climate change, showcasing the importance of innovative solutions in managing and reducing carbon emissions.
Source
Copenhagen-based Klimate.co secures €3.5 million to address climate change through carbon management solutions, EU-Startups, 2023-10-27
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