Funding

Tree.ly funding news – Carbon Offset Startup Tree.ly Raises €5 Million in Seed Funding

Jul 3, 2024 | By Startup Rise EU

Berlin-based Tree.ly raises €5 million in seed funding from PortfoLion, the aws Gründungsfonds, SymbiaVC and the Tyrolean Business Angel Network. The pioneer in regional forest climate projects will use this investment to accelerate its growth and attract even more new customers across its five European markets.

Berlin-based Tree.ly raises €5 million in seed funding from PortfoLion, the aws Gründungsfonds, SymbiaVC and the Tyrolean Business Angel Network. The pioneer in regional forest climate projects will use this investment to accelerate its growth and attract even more new customers across its five European markets.

SUMMARY

  • Berlin-based Tree.ly raises €5 million in seed funding from PortfoLion, the aws Gründungsfonds, SymbiaVC and the Tyrolean Business Angel Network.
  • The Tree.ly Group develops forest climate protection projects in Austria, Germany, and across Europe to mitigate climate change by harnessing the full potential of local forests.

The new funds will also be used to develop the next version of the standard for certifying climate protection performance as well as further advance the functionality and automation of the platform.

Tree.ly is at the forefront of this market, developing forest-based climate protection projects through its ISO-certified carbon sequestration methodology and brings companies together with forest owners to contribute to future-proof forest management through high-quality, TÜV-approved carbon credits.

Read also - GlassPoint Funding News – GlassPoint Secures $2.5M Investment from MIG Capital

RECOMMENDED FOR YOU

recomd
Funding
Care Hires Funding News – Care Hires Secures £1.7m funding to advance AI-driven agency staffing
Team SR
Jun 27, 2024
recomd
Belgium
[Funding alert] Gosselies-based Biopharmaceutical Company Bioxodes Secures €12M in Series A Round Funding
Startup Rise EU
Nov 22, 2023
recomd
Funding
[Funding alert] Housing provider Startup Habyt Raises €40M Series C Round Funding
Startup Rise EU
Oct 5, 2023

Currently, contracts cover 180,110 hectares of forest in Austria, Germany, Italy, the Netherlands, and the Czech Republic. Tree.ly’s innovative, already certified high-integrity projects have contractually secured a CO₂ storage capacity of over 2.8 million tons of CO₂, supporting companies on their path to net-zero emissions and allowing them to make a direct positive impact on the environment close to home.

The company plans to continue its impressive track record of over 300 per cent year-on-year growth. Tree.ly plans to expand its climate protection projects to over 1 million hectares within a few years and establish itself as the market leader in high-quality regional CO₂ credits for companies.

Jodok Batlogg, co-founder and CEO of Tree.ly said, “The market for voluntary emission certificates will grow to 15 billion euro globally and 3 billion euro in Europe over the next 5 years, with a strong trend towards regional and
high-quality projects. Tree.ly’s certified projects are the perfect response to this. As one of the fastest-growing technology companies in this field, this investment will significantly accelerate growth in our European markets, strengthen Tree.ly’s technological leadership, and drive the development of new forest-based climate protection offerings,”.

Markus Jandrinitsch, Managing Director of aws Gründungsfonds said, "We are excited to be part of an innovative Austrian startup with our investment in Tree.ly, Our decision to invest in Tree.ly is based on their unique ability to create both ecological and economic value. By supporting regional forests across Europe, we are contributing to combating climate change and promoting biodiversity. In addition to the exciting and sustainable business idea, we were particularly impressed by the founders and the team."

Aurel Pasztor, Partner at PortfoLion Capital Partners said, “The voluntary carbon markets demonstrated their potential to provide direct funding for climate change projects. Beyond multinationals, SMEs worldwide are now interested in financing nature-based climate projects in their local areas. However, concerns about poor quality project management and related controversies are holding them back. We believe that well-monitored local projects represent a significant business opportunity. With deep roots in forest science and digital technology, the Treely team is ideally positioned to lead this effort as a pioneer in Europe",.

About Tree.ly

The Tree.ly Group develops forest climate protection projects in Austria, Germany, and across Europe to mitigate climate change by harnessing the full potential of local forests. Founded in 2021 by serial entrepreneurs Jodok Batlogg and Christian Lutz, the company connects businesses with forest owners, enabling companies to contribute to climate-resilient forestry through high-quality, TÜV-certified CO₂ credits with co-benefits (biodiversity, SDGs).

Recommended Stories for You

story
Funding

[Funding alert] Madrid-based Harbiz Secures €5Million in Funding

Startup Rise EU Jan 18, 2024

story
Funding

Wayve funding news – London-based Wayve €1 Billion in Series C Round Funding

Startup Rise EU May 7, 2024

story
Funding

[Funding alert] London-based Insurtech Startup Diesta Secures €1.8 Million in Seed Funding

Startup Rise EU Nov 9, 2023

story
Funding

[Funding alert] London-based Travel Startup Fly Now Pay Later Secures $180M in Funding

Startup Rise EU Oct 11, 2023

story
Recent Articles

[Funding alert] Finnish-based Edtech Startup Kide Science Acquired by Accelerate Learning

Startup Rise EU Oct 16, 2023

story
Funding

atmio funding news – Hamburg-based atmio Secures €5.1 Million in Seed Funding

Startup Rise EU Jun 20, 2024