Climate Insider Brief:
- Cozero, a ClimateTech company headquartered in Berlin, has secured €6.5 million in Series A funding.
- This investment, led by Kvanted Ventures and ENV, with additional backing from NewAlpha Asset Management and industry-specific business angels, marks a substantial step forward for the firm.
- With this capital injection, Cozero aims to bolster its Climate ERP solutions, which assist companies in efficiently monitoring and reducing carbon emissions.
PRESS RELEASE – April 22, 2024 – Cozero, a ClimateTech firm based in Berlin, has successfully raised €6.5 million in Series A funding to further develop its Climate ERP solutions, as announced in a recent press release. The funding round, led by Kvanted Ventures and ENV (EnBW New Ventures), also saw participation from NewAlpha Asset Management and various business angels from the logistics, manufacturing, and SaaS sectors.
The investment will enable Cozero to accelerate its international expansion and enhance its software, which is designed to help companies efficiently report and reduce carbon emissions. Cozero’s software is already trusted by industry giants like Maersk and DMG MORI, enabling them to align environmental progress with business objectives.
Helen Tacke, CEO and Co-founder of Cozero, highlighted the importance of evolving climate management tools: “Climate management tools must evolve, allowing organizations to effectively measure and reduce their carbon footprint by linking climate actions to business impacts.” She emphasized that Cozero’s Climate ERP provides technology that supports seamless emissions management and targeted resource steering, helping businesses meet both regulatory requirements and transform their value chains towards low-carbon alternatives.
This recent funding underscores the growing global demand for robust corporate climate management solutions, marking a significant step forward in Cozero’s mission to integrate financial and carbon accounting.
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SOURCE: Reason-why
Featured Image: Credit: Cozero
