The founders of Goodcarbon: Jérôme Cochet (l.) and David Diallo.
The market is becoming more and more crowded. There are more and more companies that offer solutions for companies that want to compensate for their CO₂ emissions. In Germany alone, Ceezer, Greentrade, Senken, Carmino, Nul and Maya have made a name for themselves with larger financing rounds in the past few months. And yet there still seems to be room for improvement: According to a report by management consultancy Boston Consulting Group The market for CO₂ certificates reached a total volume of two billion US dollars in 2021. By 2030 it could already be ten, perhaps even 40 billion US dollars.
Now another Berlin startup has managed to convince well-known international investors.
In 2021, Jérôme Cochet and David Diallo founded the startup Goodcarbon and entered the CO₂ certificates trade. To do this, the two have created a digital platform on which large companies can manage their certificates, where they can essentially create a portfolio.
Big customers impress investors
According to its own statement, Goodcarbon has already won large companies such as Deutsche Telekom, Bertelsmann and Melitta as customers. This traction was a key factor that convinced him, says George Duffield, investor at Ocean 14 Capital. That and the “science-based quality approach and product-market fit.”
With his VC Ocean 14 Capital, a 200 million euro impact fund from London, Duffield also led the current round – with participation from Silverstrand Capital in Singapore. Existing investors Planet A Ventures, 468 Capital and Greenfield Capital also joined in again. A total of 5.25 million euros in fresh capital was raised.
According to its own statement, the Berlin startup is now planning to use this money to “expand the company’s expertise in the area of natural analytics, expand the team and introduce additional high-quality CO₂ compensation projects.” With this, Goodcarbon wants to counteract a major problem with CO₂ certificates: The Offers are often non-transparent and quality standards for certificates are currently missing. Goodcarbon promises its customers certificate portfolios “made up of trustworthy, ‘nature-based solutions’”. Environmental initiatives and projects to which the money flows sometimes work exclusively with Goodcarbon, it is said.
Here we show you the pitch deck with which the founders convinced the investors. You can find more pitch decks here.
Goodcarbon