BlueLayer, an end-to-end software platform for carbon project developers, announced it has raised €9.2 million across seed and pre-seed investment rounds. The seed investment round was led by Point Nine. The company has been operating in stealth mode since being founded in late 2022 and is already working with some of the largest carbon project developers globally.
BlueLayer plans to use their recent funding to expand their platform features to address a wider set of emerging and complex developer needs. They will also grow their team in Berlin, London and Athens in roles across engineering, product and operations.
The journey to Net Zero needs to start with companies committing to Science Based Targets and addressing their value chain emissions through decarbonisation efforts.
However, leading research is increasingly emphasising that we cannot reach global climate goals solely from within value chain decarbonisation. Carbon markets play the important role of linking corporate leaders and their Net Zero commitments, with project developers on the ground that are removing or avoiding carbon emissions through their projects. Experts2 estimate that these markets will need to scale to at least 20% of current global emissions or approximately 10 Gigatons by 2050, a 40x-fold increase from their size today.
Alexander Argyros, CEO, commented on BlueLayer’s fundraise: “We’ve strategically aligned with the true change-makers on the ground: carbon project developers. Our focus is singular – one customer base, without the complexity of multiple roles or the need to charge hefty commissions on credit sales. Furthermore, BlueLayer is supported by over 50 industry veterans, subject matter experts and climate leaders, who together form an unparalleled community available to our customers. This alignment and focus not only fosters trust but also sets us apart — a point of difference highly valued by our customers.”
BlueLayer’s customers are the developers that are scaling carbon projects on the ground, to help large corporate partners address beyond value chain mitigation. These projects operate through a wide range of activities, from reforestation, forest conservation and peatland restoration to frontier solutions like direct air capture and enhanced rock weathering.
The Berlin-based startup has built an all-in-one platform that supports developers throughout the entire project lifecycle, from the pre-feasibility stage to the issuance of credits, the tracking of inventory, and management of orders. Their offering caters to developers of all stages, providing essential tools for project development, data management, and stakeholder communication. BlueLayer’s enterprise-grade software unlocks growth while empowering developers to increase the transparency and quality of their projects.
Customers see immediate value from the platform through optimising revenues, reducing time to market, and managing portfolio complexity, while enhancing data accessibility and auditability. BlueLayer partners with ecosystem leaders and seamlessly connects with a range of third parties including data providers and registries.
Vivian Bertseka, COO and Head of Climate, commented: “Having spent the past decade investing in climate solutions, including working closely with both nature-based and industrial climate projects, I have an appreciation for the challenges that the industry is facing. BlueLayer helps the most important actors in the carbon markets, the developers, that are on the ground driving carbon removal, protecting nature, and restoring ecosystems. Their work is not easy and while software won’t solve all of their problems, BlueLayer aspires to become a trusted partner that can help them navigate the many unrecognised challenges of scaling projects.”
Louis Coppey, Partner at Point Nine, added: “Since the inception of Point Nine, we’ve been backing and working with teams building the ERPs or the Operating Systems of their industry from the earliest stages. It was Clio in 2010, Mambu in 2012, Amenitiz in 2020, Graneet in 2021, and today BlueLayer. While it’s not the panacea to decarbonise the economy, we do believe that the carbon project developer market will (and needs to) grow tremendously to reach our decarbonisation goals. We are looking forward to supporting Alexander, Vivian, Gerardo, and their team as they build a core infrastructure for this important industry”.
Read the orginal article: https://www.eu-startups.com/2024/01/berlin-based-bluelayer-snaps-e9-2-million-to-empower-carbon-project-developers-to-bring-in-quality-credits/
