goodcarbon, a Berlin based startup specializing in high-quality carbon credits from “Nature-based Solutions” announced the successful closing of their €5.25 million funding round. Ocean 14 Capital fund led the round, with participation from Silverstrand Capital, high-profile angel investors and existing investors Planet A Ventures, 468 Capital and Greenfield Capital. The investment aims to expand the company’s nature analytics and expertise, strengthen its team, and introduce additional high-quality carbon offsetting projects to the market
Founded by Jérôme Cochet and David Diallo in 2021, goodcarbon provides a platform for companies seeking to establish and manage trustworthy, long-term carbon credit portfolios from Nature-based Solution assets. The startup’s approach involves close collaboration with impact-driven projects and the cultivation of exclusive goodcarbon Original projects.
At the core of their model lies the recognition that the following three big challenges of our era are interlinked and demand a unified solution: Climate Warming (“net zero target”), Loss of Nature (“biodiversity target”) and Global Inequality (“SDG target”). In the years to come, the startup wants to become an integral part of corporations’ carbon compensation plans in Germany and beyond.
“The funding round marks a pivotal moment for goodcarbon and our mission to provide companies with access to high-quality Nature-based Solutions assets, empowering them to realize their emissions reduction strategies while protecting our planet,” said Jérôme Cochet, Founder and CEO of goodcarbon. “While it’s estimated that 10 billion tons of carbon reductions can come from nature by 2030, we need to close the finance gap for high quality assets. Many companies hesitate to close long-term partnerships with projects due to a lack of availability and transparency regarding the projects’ true quality. With the Ocean 14 Capital fund and Silverstrand Capital on board, we are strengthening our global network and expertise in Nature-based Solutions and have experienced new partners on our side to expand our goodcarbon Originals projects.”
Nature-based Solutions are projects designed to protect, sustainably manage, and restore natural and modified ecosystems, effectively addressing social challenges while concurrently benefiting both people and nature (IUCN). These projects deliver long-term, environmentally and economically sustainable impacts for nature, local communities and investors alike.
Supporting early-stage Nature-based Solutions means initiating high-impact, high-integrity projects that are scalable, drive innovation and restore and conserve ecosystems. Indeed, Nature-based Solutions represent the most effective tool in the fight against climate change, biodiversity loss and social inequality.
“We are thrilled to be part of goodcarbon’s journey, supporting their mission to provide companies with access to nature-based solutions,” added George Duffield from Ocean 14 Capital. “We are particularly impressed with their science-based quality approach as well as the product-market fit. The fact that they already collaborate with leading corporations such as Deutsche Telekom, Bertelsmann and Melitta definitely proves their potential to lead in this space and make a change. We look forward to supporting goodcarbon in enabling more companies to confidently fulfill their net-zero and nature-positive pledges.”
Read the orginal article: https://www.eu-startups.com/2024/04/berlin-based-goodcarbon-secures-e5-25-million-to-bring-new-high-quality-nature-based-solutions-to-market/
