Klimate.co Raises €3.5 Million to Accelerate Carbon Removal Efforts

Copenhagen-based startup Klimate.co has secured €3.5 million in seed funding from investors including Eneco Ventures and Helen Ventures, along with existing backers like Rockstart and the Export and Investment Fund of Denmark (EIFO). This fresh funding brings the company's total raised capital to €75 million.

Klimate.co is on a mission to combat climate change by offering innovative carbon management solutions. Founded in 2020 by Katja Grothe-Eberhardt and Simon Bager, the company helps businesses work towards achieving Net Zero status by creating carbon removal portfolios tailored to their budgets and goals.

The platform provided by Klimate.co enables companies to invest in high-quality carbon removal solutions, turning carbon liabilities into valuable future assets. By strategically allocating funds to various carbon removal projects, the company emphasizes environmental responsibility and promotes social and economic development.

Klimate.co provides an integrated platform for crafting carbon removal strategies and taking action. This allows clients to integrate their emission data, target years, and removal scopes, helping them decide which methods and projects to include in their strategy.

Katja Grothe-Eberhardt, Founder and CEO of Klimate.co, expressed gratitude for the investment, highlighting its significance in advancing carbon removal technologies and the company's commitment to fighting climate change.

Robert Blom, Investment Director at Eneco Ventures, lauded Klimate.co's CO2 asset management platform, calling it a game-changer in the realm of carbon removal management for businesses.

Mikael Myllymäki, Vice President and Head of Helen Ventures, emphasized the importance of carbon neutrality across sectors and praised Klimate.co for its technical expertise and commercial accomplishments.

Max ter Horst, Managing Partner of Rockstart Energy, underscored the startup's unique proposition in making carbon removal projects bankable and scalable while supporting clients in optimizing their carbon removal portfolios. He expressed enthusiasm for partnering with investors like Eneco Ventures and Helen Ventures in this funding round.