A Startup's Solution to the Carbon Offset Mess: Downgrade "Mid-Range" Resellers
In addition to traditional carbon offset resellers and exchanges such as Climate Partner or Climate Impact X, the tech space has also produced a few, including Patch (based in the US , raised $26.5m) and Lune (UK-based, raised $4m).
Now, Ceezer, a B2B marketplace for carbon credits, has closed a €4.2 million funding round, led by Carbon Removal Partners with participation from impact-VC Norrsken VC and with l existing investor Picus Capital.
Ceezer's argument is that companies face great complexity when considering how they address the elimination and reduction of carbon emissions associated with their operations. While they can buy offsets, the market remains quite 'wild west' and has several competing standards operating in parallel. For example, the price range of $5 to $500 per tonne is clearly ubiquitous, and sometimes carbon offset resellers force buyers to pay high prices for low-quality carbon credits, extracting additional revenue from a market. very opaque.
The startup's offering allows companies to integrate both carbon removal and avoidance credits into a single package. It does this by leveraging the offset market for many data points, allowing carbon offset sellers to reach buyers without having to use these intermediary resellers.
The startup claims that sellers no longer waste time and money on bespoke contracts with companies, but instead use Ceezer's legal framework for all transactions. Simultaneously, buyers can access credits at the primary market level, maximizing the effect of the dollars they spend on carbon offsets.
Ceezer says it now has more than 50 corporate customers and has 200,000 tonnes of carbon credits for sale in various categories. and will use the funds to expand its impact and sourcing team, with the idea being to make carbon removal technologies more accessible to enterprise buyers, as well as expand product offerings for sellers and credit buyers.
In addition to traditional carbon offset resellers and exchanges such as Climate Partner or Climate Impact X, the tech space has also produced a few, including Patch (based in the US , raised $26.5m) and Lune (UK-based, raised $4m).
Now, Ceezer, a B2B marketplace for carbon credits, has closed a €4.2 million funding round, led by Carbon Removal Partners with participation from impact-VC Norrsken VC and with l existing investor Picus Capital.
Ceezer's argument is that companies face great complexity when considering how they address the elimination and reduction of carbon emissions associated with their operations. While they can buy offsets, the market remains quite 'wild west' and has several competing standards operating in parallel. For example, the price range of $5 to $500 per tonne is clearly ubiquitous, and sometimes carbon offset resellers force buyers to pay high prices for low-quality carbon credits, extracting additional revenue from a market. very opaque.
The startup's offering allows companies to integrate both carbon removal and avoidance credits into a single package. It does this by leveraging the offset market for many data points, allowing carbon offset sellers to reach buyers without having to use these intermediary resellers.
The startup claims that sellers no longer waste time and money on bespoke contracts with companies, but instead use Ceezer's legal framework for all transactions. Simultaneously, buyers can access credits at the primary market level, maximizing the effect of the dollars they spend on carbon offsets.
Ceezer says it now has more than 50 corporate customers and has 200,000 tonnes of carbon credits for sale in various categories. and will use the funds to expand its impact and sourcing team, with the idea being to make carbon removal technologies more accessible to enterprise buyers, as well as expand product offerings for sellers and credit buyers.
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