Tree.ly funding news – Carbon Offset Startup Tree.ly Raises €5 Million in Seed Funding
Jul 3, 2024 | By Team SR
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.
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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).