Berlin’s goodcarbon has recently secured €5.25M to bolster its long-term carbon credit portfolios. Positioned at the intersection of sustainability and business, the startup aims to embed itself within the carbon offsetting strategies of corporations across Germany. With this infusion of capital, goodcarbon is poised to play an integral role in helping companies meet their environmental targets while contributing to a greener future.
goodcarbon aims to combine solutions to global warming, biodiversity loss and global inequality by facilitating carbon compensation. The growth of buying carbon credits to compensate for residual emissions has naturally led to the development of multiple ways and methods of purchasing. In 2022, the primary market for carbon credits is expected to hit $1.2 billion (Trove), and this number is forecast to hit $40 billion by 2040.
Founded in 2021, goodcarbon provides a digital investment and trading platform made in Germany. The startup drives conscious companies to conserve and restore nature by funding high-impact, verified nature-based solution projects in return for carbon credits.
Ocean 14 Capital fund leads the round, with participation from Silverstrand Capital, high-profile angel investors and existing investors Planet A Ventures, 468 Capital and Greenfield Capital. The €5.25M 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.
