Munich-based climate data startup OCELL secures €10M

German climate tech OCELL has secured €10M in a Series A funding round. The round is led by Capnamic. Additional funding comes from Bayern Kapital. Existing investors AENU and Summiteer, as well as business angels like Max Viessmann, are also participating in the funding round. ​OCELL's technology also serves as the foundation for the development of data-driven climate projects.

By processing aerial imagery, LiDAR, and terrestrial forestry data, OCELL uses artificial intelligence to create digital twins of forests. The level of precision reached here greatly exceeds that of both satellite- and drone-based solutions. These digital twins provide insights into forest growth, current carbon storage capacity, and other metrics.

The newly raised capital will drive the advancements in OCELL’s underlying technology, fuel growth, and support the expansion of climate projects across Europe, with a focus on the Nordics and Baltics. Additionally, it will expedite the development of a platform to transparently track and showcase project progress and impact through live data.

This allows for the prediction and implementation of climate-optimized forest management strategies to store more carbon in the long term while also proving the benefits of such projects through scientific data. 

The forests currently managed with OCELL’s software, covering an area of more than 810,000 hectares, have the potential to store an additional 1.62 million tons of CO₂e per year

David Dohmen, co-founder and co-CEO of OCELL, commented: "In recent years, the reputation of carbon credits has suffered significantly due to often inadequate data foundations, yet they remain a crucial tool in the fight against climate change – if implemented correctly.

"With OCELL, we aim to restore trust in the market by combining cutting-edge AI technology with nature-based solutions. Forests offer the advantage of being immediately available, scalable, and relatively cost-effective, while our technology ensures measurability, accuracy, and transparency. We are thrilled to have experienced partners like Capnamic and Bayern Kapital by our side, who have successfully supported numerous tech companies. The renewed investment from our existing investors further validates OCELL’s potential to become a key driver in transforming European forests."

Christian Knott, Managing Partner at Capnamic, added: “The key differentiation of the OCELL team is their deep roots in forestry. They truly understand the daily challenges and decisions forest managers face. OCELL is not only providing them with a high-quality product but also creating an opportunity to diversify their revenue streams.

"At a time when the market is experiencing a major shift in regulation and transparency requirements, OCELL’s offering stands out. No other solution knows the forest as intimately, because they are actively helping forest owners to manage it. We are thrilled to support their acceleration and ambitious international growth ambition.”