Cozero's Climate ERP Solution Secures €6.5M in Series A Funding
April 18, 2024, 3:34 am
Cozero, a German ClimateTech software company, has raised €6.5 million in Series A funding to advance its Climate ERP platform. The funding round, led by Kvanted Ventures and ENV, aims to propel Cozero's international expansion and enhance its emission management software trusted by industry leaders like Maersk and Nippon Express Europe.
Cozero's Climate ERP solution bridges the gap between sustainability and business operations, providing companies with the tools to effectively measure and reduce their carbon footprint. With features to measure, report, and reduce Scope 1-3 emissions, Cozero's software helps over 70 enterprise customers align environmental progress with business objectives.
Helen Tacke, CEO and Co-founder of Cozero, emphasizes the importance of evolving climate management tools to link climate actions to business impacts. She highlights the need for organizations to transform their value chain and product offerings towards low-carbon alternatives, aligning with the rise of carbon prices and converging financial and carbon accounting dimensions.
The funding round marks a significant milestone for Cozero, showcasing the global demand for robust corporate climate management solutions. With less than €600k in funding since its inception, Cozero has doubled its ARR over the past year and partnered with major players like Maersk and DMG MORI, demonstrating its ability to meet the growing demand for climate management tools across industries.
Cozero's unique approach to carbon accounting and management sets a new benchmark in the industry, positioning the company as a critical tool for navigating regulatory complexities and ensuring compliance with initiatives like the Corporate Sustainability Reporting Directive (CSRD). The funding round reflects the confidence of international investors and business angels in Cozero's mission to drive sustainable business practices and reduce corporate carbon emissions efficiently.
Overall, Cozero's Series A funding success underscores the importance of actionable sustainability solutions that balance environmental obligations with financial implications. By empowering enterprises to make informed decisions that are both environmentally responsible and financially prudent, Cozero is paving the way for a more sustainable future in the business world.
Cozero's Climate ERP solution bridges the gap between sustainability and business operations, providing companies with the tools to effectively measure and reduce their carbon footprint. With features to measure, report, and reduce Scope 1-3 emissions, Cozero's software helps over 70 enterprise customers align environmental progress with business objectives.
Helen Tacke, CEO and Co-founder of Cozero, emphasizes the importance of evolving climate management tools to link climate actions to business impacts. She highlights the need for organizations to transform their value chain and product offerings towards low-carbon alternatives, aligning with the rise of carbon prices and converging financial and carbon accounting dimensions.
The funding round marks a significant milestone for Cozero, showcasing the global demand for robust corporate climate management solutions. With less than €600k in funding since its inception, Cozero has doubled its ARR over the past year and partnered with major players like Maersk and DMG MORI, demonstrating its ability to meet the growing demand for climate management tools across industries.
Cozero's unique approach to carbon accounting and management sets a new benchmark in the industry, positioning the company as a critical tool for navigating regulatory complexities and ensuring compliance with initiatives like the Corporate Sustainability Reporting Directive (CSRD). The funding round reflects the confidence of international investors and business angels in Cozero's mission to drive sustainable business practices and reduce corporate carbon emissions efficiently.
Overall, Cozero's Series A funding success underscores the importance of actionable sustainability solutions that balance environmental obligations with financial implications. By empowering enterprises to make informed decisions that are both environmentally responsible and financially prudent, Cozero is paving the way for a more sustainable future in the business world.