goodcarbon, a Berlin based startup specializing in high-quality carbon credits from “Nature-based Solutions” raises €5.25 million in funding. In addition to prominent angel investors and current investors Planet A Ventures, 468 Capital, and Greenfield Capital, the round was headed by the Ocean 14 Capital fund.
The investment is intended to fortify the team, broaden the company's knowledge base in nature analytics, and provide more superior carbon offsetting projects to the market.
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The fundamental tenet of their strategy is the understanding that the three major problems facing our time—Global Inequality (the "SDG target"), Biodiversity Loss (the "biodiversity target"), and Climate Change (the "net zero target")—are interconnected and require a coordinated response. The business hopes to play a significant role in carbon compensation schemes offered by companies in Germany and other countries in the future.
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Jérôme Cochet, Founder and CEO of goodcarbon said, “The funding round marks a pivotal moment for goodcarbon and our mission to provide companies with access to high-quality Nature-based Solutions assets, empowering them to realize their emissions reduction strategies while protecting our planet, While it’s estimated that 10 billion tons of carbon reductions can come from nature by 2030, we need to close the finance gap for high quality assets. Many companies hesitate to close long-term partnerships with projects due to a lack of availability and transparency regarding the projects’ true quality. With the Ocean 14 Capital fund and Silverstrand Capital on board, we are strengthening our global network and expertise in Nature-based Solutions and have experienced new partners on our side to expand our goodcarbon Originals projects.”
Projects known as "nature-based solutions" aim to preserve, maintain, and restore natural and altered ecosystems in a sustainable manner. They also successfully address social issues while providing benefits to both people and the environment (IUCN). These initiatives have long-term, sustainable effects on the environment and economy that benefit local populations, investors, and the natural world.
George Duffield from Ocean 14 Capital said, “We are thrilled to be part of goodcarbon’s journey, supporting their mission to provide companies with access to nature-based solutions, We are particularly impressed with their science-based quality approach as well as the product-market fit. The fact that they already collaborate with leading corporations such as Deutsche Telekom, Bertelsmann and Melitta definitely proves their potential to lead in this space and make a change. We look forward to supporting goodcarbon in enabling more companies to confidently fulfill their net-zero and nature-positive pledges.”
About Goodcarbon
Goodcarbon is revolutionising the funding process for Nature-based Solutions by providing a platform that links firms, investors, and projects. By working together, we can reorient global money towards maintaining and enhancing the richness of our priceless ecosystems.