Based in Berlin good carbon has raised €5.25 million for its long-term carbon credit portfolios.
goodcarbon aims to combine solutions to global warming, biodiversity loss and global inequality by facilitating carbon offsets. The growth in purchasing carbon credits to offset residual emissions has naturally led to the development of multiple modes and methods of purchasing. By 2022, the primary market for carbon credits is expected to reach $1.2 billion (Trove)This number is expected to reach $40 billion by 2040.
Founded in 2021, Goodcarbon offers a digital investment and trading platform made in Germany. The startup encourages conscious companies to conserve and restore nature by financing high-impact, verified, nature-based solution projects in exchange for carbon credits.
Ocean 14 Capital fund leads the round, with the participation of Silver Beach capital, high-profile angel investors and existing investors Planet A Ventures, 468 Capital and Greenfield Capital. The investment of €5.25 million is intended to expand the company’s nature analyses expertise, strengthen the team and introduce additional high-quality carbon bringing projects to market.
“We are happy to be part of Goodcarbon’s journey and support their mission companies with access to nature-based solutions,” says George Duffield of Ocean 14 Capital.
“We are especially impressed with their science-based quality approach and the product-market fit. The fact that they already work with leading companies such as Deutsche Telekom, Bertelsmann and Melitta are definitely proving their potential to lead this make space and change something. We look forward to supporting goodcarbon to make more possible companies to confidently deliver on their net-zero and nature-positive commitments.”
