Ceezer, a Berlin, Germany-based marketplace for carbon credits, raised €4.2m in funding.
The round was led by Carbon Removal Partners and Norrsken VC with participation from existing investor Picus Capital.
The company intends to use to expand its impact and sourcing team and to increase the product offering.
Led by Founder and CEO Magnus Drewelies, Ceezer is a B2B marketplace for carbon credits. With its direct trade infrastructure, the company enables sellers to reach the right buyers without using resellers – to sell both existing credits and credits from projects that are still under development.
The company serves over 50 corporate customers ranging from DAX30 to growing companies in Europe and the US. Ceezer works with project developers, including South Pole and CarbonBuilt. Daily available volumes exceed over 200k tons across all relevant credit categories.