Carbmee, a German startup in enterprise carbon management, has raised €20 million in a Series A funding round led by CommerzVentures, with participation from Fly Ventures and several angel investors.
This funding round follows carbmee’s track record of tripling annual revenue for three consecutive years. The capital will be invested in accelerating carbine’s international expansion and enhancing its EIS™ platform, particularly features like carbmee Studio, a tool that enables customisable, AI-driven reports and dashboards, as well as further developing capabilities for managing Scope 3 emissions.
Christian Heinrich, CEO and Co-founder of carbmee, commented: “This funding round is a validation of the innovative work we’ve done so far, but it’s also a launching point for what comes next. It’s a clear confirmation that we made the right decisions already 4 years ago anticipating the importance of scope 3 emissions in manufacturing industries. […] This investment will allow us to show the value of our platform not only to Procurement and Operations teams, but even more to extend the value to all organisational departments including Finance for integrated Carbon Accounting and R&D for Eco-Friendly Product Design.”
Founded in 2021 by Christian Heinrich and Robin Spickers, carbmee addresses a pressing challenge faced by large enterprises: measuring and managing carbon emissions in complex supply chains, particularly Scope 3 emissions, which, according to carbmee, account for over 80% of most organisations’ total emissions. Traditional tools like spreadsheets often fall short in accuracy and scalability, creating inefficiencies and siloed data. Carbmee’s platform replaces these outdated methods with an integrated solution that combines granular lifecycle assessment data, AI-driven insights, and customisable dashboards.
Carbmee’s platform has delivered tangible results for high-profile clients such as Maersk, Miele, Coca-Cola, Lufthansa Technik, Schaeffler, and Anglo American. According to carbmee, by automating processes and enabling collaboration across departments, customers have reported significant improvements, including a 94% faster supplier carbon footprint calculation at KWS Saat and enhanced compliance with regulatory frameworks like the Corporate Sustainability Reporting Directive (CSRD) and the Carbon Border Adjustment Mechanism (CBAM).
Robin Spickers, Co-founder of carbmee, highlighted the platform’s potential: “Our platform provides a centralised platform for all enterprise users to manage CO2 emissions at the corporate, product, supplier, and SKU levels—enabling CO2 data to be managed as accurately as financial data in an ERP system. Procurement teams can collect primary data and choose the greenest suppliers, finance teams can report in compliance with CSRD or CBAM, R&D engineers can design the green products of tomorrow, and sustainability teams can identify CO2 reduction opportunities, especially in Scope 3.”
Paul Morgenthaler, Managing Partner at CommerzVentures, remarked: “Christian and Robin have already achieved phenomenal growth since founding carbmee. They are at the forefront of a vital industrial step-change as businesses around the world demand the knowledge and support to manage their carbon emissions. Their powerful software breaks down the complexity of decarbonizing global supply chains, solving a key problem for industries. We share in the team’s exceptional ambition for the future and look forward to helping them deliver on this journey.”
With offices in Berlin, Munich, and New York, and a growing team of over 60 international colleagues, carbmee is well-positioned to scale its operations and continue its rapid growth trajectory.
Read the orginal article: https://www.eu-startups.com/2024/12/berlin-based-carbmee-raises-e20-million-to-advance-ai-powered-carbon-management-and-expand-globally/
