Denmark

[Funding alert] Copenhagen-based Klimate.co Raises €3.5 million in Seed Funding

Oct 17, 2023 | By Startup Rise EU

Klimate.co, situated in Copenhagen, has raised €3.5 million in seed money. Existing investors Rockstart and the Export and Investment Fund of Denmark (EIFO) joined Eneco Ventures and Helen Ventures in leading the round.
Team - Klimate.co

Klimate.co, situated in Copenhagen, has raised €3.5 million in seed money. Existing investors Rockstart and the Export and Investment Fund of Denmark (EIFO) joined Eneco Ventures and Helen Ventures in leading the round.

Read also - Berlin-based Kodex AI Secures €1.6 million in Funding

At the moment, Klimate has 11 staff members and customers in the US and northern Europe. According to CDR.fyi, Klimate has become one of the biggest resellers of permanent carbon removal in the entire world. The business intends to use the cash to expand globally, hire additional staff members, and improve the Klimate.co software platform.

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Katja Grothe-Eberhardt, Founder and CEO of Klimate.co, said: “This investment is a testament to our commitment to combating climate change and advancing carbon removal technologies. We are grateful for the support of our investors, and this funding will be instrumental in further accelerating our commercial efforts, enhancing our platform’s capabilities and ultimately drive our mission to scale up carbon removal capacity”

Robert Blom, Investment Director, Eneco Ventures, commented: “We are excited to partner with Klimate.co in their quest to make a meaningful impact in the fight against climate change. We believe their CO₂ asset management platform is a game-changer in how businesses manage their carbon removal, particularly for future removals.”

About Klimate.co

Copenhagen-based Startup Klimate.co enterprise has established a name for itself as a forward-thinking organization dedicated to combating climate change with cutting-edge carbon management technology.

Read also - Google has Pay German Content Creators €3.2 million Annually to Publish their Works on its News Search Engine.

The business's platform to handle CO2 assets enables companies to actively obtain high-caliber carbon removal options, effectively turning carbon liabilities into priceless assets for the future.

Read also - Edinburgh-based Venture Capital firm Par Equity launching £100 million Fund

Klimate.co systematically distributes funding to carbon sequestration initiatives, with an emphasis on environmental stewardship and encouraging advancement in society and the economy.

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