Cozero raises €6.5M for climatetech software: aiding enterprises in decarbonisation

Cozero's enterprise carbon management software empowers enterprises to take control of their environmental footprint and decarbonisation journey.
Cozero raises €6.5M for climatetech software: aiding enterprises in decarbonisation

German climatetech software company Cozero announced it has raised €6.5 million in a Series A funding round. 

Founded in Berlin in 2020, Cozero is an enterprise carbon management software. It empowers enterprises to take control of their environmental footprint and decarbonisation journey. Its Climate Action Platform (CAP) offers seamless tracking, reduction, and reporting capabilities for corporate and product emissions in one end-to-end SaaS solution. 

With features to measure, report, and reduce Scope 1-3 emissions, Cozero's software solution helps more than 70 enterprise customers align environmental progress with business objectives.

Enterprises can enrich emission forecasts with business growth, get insights on climate action investments through its performance metric Return On Climate Investment (ROCI), and report their emissions with the same granularity as financial control.

Helen Tacke, CEO and co-founder of Cozero, emphasises:

"Climate management tools must evolve, allowing organisations to effectively measure and reduce their carbon footprint by linking climate actions to business impacts.

Our Climate ERP provides a proven technology that facilitates seamless emissions management and targeted steering of the company and its resources. 

This enables businesses to not only meet regulatory reporting requirements but also to transform their value chain and product offerings towards premium, low-carbon alternatives."

According to Tacke, financial and carbon accounting are converging and are becoming more and more interchangeable anyways with the rise of carbon prices.

Kvanted Ventures and ENV (EnBW New Ventures) led the investment, with support from NewAlpha Asset Management and business angels and advisors from the logistics, manufacturing, and SaaS industries, including Henrik Larsen, Maersk's former CPO, Gero Decker, Signavio Co-founder, and existing Business Angels such as Torben Schreiter, Signavio Co-founder, and André Christ, LeanIX Founder.

Melanie Beyersdorf, Investment Manager at ENV, stated: 

"Actionable sustainability requires more than just compliance. It requires a balanced approach that weighs environmental obligations and financial implications.

Organisations need to prioritise solutions that provide clear insight, enabling them to make decisions that are both environmentally responsible and financially prudent." 

According to Kvanted's Founding Partner Maria Wasastjerna: 

"Cozero's journey is a testament to smart financial management and steady growth.

With less than 600k€ in funding since its inception, Cozero has managed to double its ARR over the past year. At Kvanted, we've witnessed firsthand how Cozero's solution truly meets the growing demand for corporate climate management tools. 

We are genuinely impressed by the team's ability to build a sustainable business model that delivers real impact."

The Series A funding will accelerate Cozero's international expansion and advance its Climate ERP solution, an emission management software trusted by industry leaders like Maersk, Nippon Express Europe (NX Group), and DMG MORI to report and reduce corporate carbon emissions efficiently.

Lead image: Cozero cofounders and board members. Credit: Viktor Strasse.

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