The founding team of Cozero: Tiago Taveira, Helen Tacke and Fabian Schwarzer. Cozero
The startup Cozero recently secured 6.5 million euros in Series A financing. The startup’s software is intended to help companies track and reduce their CO₂ emissions and report to their customers on company and product emissions.
When it comes to reducing emissions, the software primarily targets three areas. On the one hand, direct emissions in the company, such as heating oil. On the other hand, there are indirect emissions that arise, for example, from purchased electricity, and emissions that occur within the value chain of companies, for example during transport and delivery.
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Helen Tacke (Managing Director), Fabian Schwarzer (Managing Director, Chief Operating Officer) and Tiago Taveira (Managing Director, Chief Technical Officer) founded the startup Cozero in Berlin in 2020. All three have a startup background. Before founding the company, Tacke worked as a VC investor. Cozero is the second startup for Schwarzer. In 2015 he founded the company in the biotech sector and most recently worked as a consultant. Taveira comes from software development and has already had two tech startups.
VC companies rely on climate technology
With Cozero, the trio of founders won the German Sustainability Prize at the end of 2022. In addition, software solutions that companies can use to manage their CO₂ emissions are likely to be in demand this year. The Corporate Sustainability Reporting Directive (CSRD) has been in effect for companies since January of this year. Behind this is an EU directive that is intended to make communication about the sustainability of companies more transparent. The CSRD is part of the annual report. Until now, companies have published sustainability reports voluntarily. This will no longer apply with the directive.
In Berlin alone, startups from the energy sector received 604 million euros last year. This was announced by the Senate Department for Economic Affairs. Cozero’s Series A financing is led by Finland’s Kvanted Ventures and EnBW New Ventures (ENV), with New Alpha Asset Management and industry-specific business angels.
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The startup wants to use the funding to expand internationally and improve the software. Companies should be able to send their product emissions to their customers more quickly with as little effort as possible. The team should also grow. Cozero plans to hire 15 to 20 new employees in, among other things, product, sales and marketing.
Here you can see the pitch deck that Cozero used to win over investors. You can find more pitch decks here.