Terms
- Announced
- 24 Jan 2024
- Instrument
- Equity
- Amount
- US$11.2mReported as EUR 10.3m, converted at 1.0917 USD/EUR (January 2024 average)
- Source
- ceezer.earth
Parties
- Project developer
- CEEZER Software GmbH
- Recipient type
- Marketplace
- Country
- Germany
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis HV Capital Investor US$2.81m Estimated: an even share, 1 of 4 Norrsken VC Investor US$2.81m Estimated: an even share, 1 of 4 Picus Capital Investor US$2.81m Estimated: an even share, 1 of 4 Carbon Removal Partners Investor US$2.81m Estimated: an even share, 1 of 4
Carbon
- Pathway
- Carbon market infrastructure
What happened
- HV Capital led; the other three are existing investors increasing their commitment. CEEZER is a procurement and portfolio platform, so it carries no removal pathway of its own.
Kumo note
- Carbon Removal Partners led CEEZER’s earlier round and handed the lead to a generalist growth investor for the Series A without stepping back, which is an unusual handover for a specialist.
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