As well as traditional carbon offset dealers and exchanges like Climate partners or Climate Impact X The tech space has also created several, including patch (US-based, raised $26.5 million) and Lune (United Kingdom-based, raised $4 million).
Now, Ceezer, a B2B marketplace for carbon credits, has closed a €4.2 million round, led by Carbon removal partner with the participation of the impact VC Norrsken VC and with existing investors The capital city of Picus.
Ceezer’s offering is that companies face a lot of complexity when it comes to how they tackle the carbon removal and reduction issues associated with their business. While they can buy offset credits, the market is still pretty ‘wild’ and there are many competing standards running in parallel. For example, the price range of $5 to $500 per ton is clearly ubiquitous, and sometimes carbon clearing agents charge buyers high prices for low-quality carbon credits, pulling in more sales. revenue from an unknown market.
The startup’s offer is for businesses to integrate both decarbonization and decarbonisation in one package. It does this by mining the clearing market for lots of data points, allowing carbon offset sellers to reach buyers without having to use these intermediaries.
The startup claims that sellers no longer waste time and money on private contracts with companies, but instead use Ceezer’s regulatory framework for all transactions. At the same time, buyers can access credits at the primary market level, maximizing the effectiveness of the dollars they spend on carbon offsetting.
Ceezer says it now has more than 50 corporate customers and has 200,000 tons of carbon credits for sale across a variety of grades. and will use the funds to expand its impact and sourcing pool, the idea being to make carbon removal technologies more accessible to business buyers, while expanding the product offering to credit seller and buyer.