Cozero, a leading climatetech software company honoured with the German Sustainability Award, has successfully closed a EUR6.5m Series A funding round. The investment was led by Kvanted Ventures and EnBW New Ventures (ENV), with additional support from NewAleha Asset Management, alongside notable business angels and advisors from the logistics, manufacturing and SaaS sectors. Renowned figures such as Henrik Larsen (former CPO of Maersk) and Gero Decker (co-founder of Signavie) as well as existing business angels including Torben Schreiter (co-founder of Signavie) and André Christ (founder of LeanlX) contributed to the round. The Series A funding will propel Cozero’s global expansion efforts and further develop its climate ERP solution, a cutting-edge emission-management software trusted by industry giants such as Maersk, Nippon Express Europe (NX Group) and DMG MORI to effectively monitor and mitigate corporate carbon emissions.
Despite the growing emphasis on sustainability, a staggering 91% of companies admit to inadequate measurement of their carbon emissions, while only 26% of those disclosing their carbon footprint through initiatives such as the Carbon Disclosure Project (CDP) in 2022 had science-based targets approved with the SBTi. Cozero’s innovative software addresses these challenges by offering comprehensive features to measure, report and reduce Scope 1-3 emissions, enabling over 70 enterprise customers to align environmental progress with business objectives. With a portfolio boasting 375m tonnes of CO2 emissions under management (EuM), Cozero sets a new standard in carbon accounting and management. By integrating accounting, decarbonisation and reporting capabilities, Cozero’s climate ERP solution serves as a crucial tool for navigating regulatory complexities such as the Corporate Sustainability Reporting Directive (CSRD) and ensuring compliance through precise reporting and actionable reduction plans. This successful funding round not only underscores the confidence of the investment community in Cozero, but also highlights growing global demand for robust corporate climate-management solutions and the need for international collaboration in fostering a sustainable future.
Source: Cozero raises €6.5 million Series A to pioneer a new generation of Climate ERP solutions
About the Authors
Associate Director, Investment Banking
Prachurjya has over 16 years of experience in investment banking with Acuity Knowledge Partners. At Acuity, he has led sector and product-specialist pilot teams across Capital Markets, ESG, Debt Advisory, Loan Syndications, Metals & Mining and Real Estate. He has been actively involved in setting up and on-boarding new ESG Advisory, ESG DCM and Sustainable Finance teams for various bulge bracket investment banks. Within DCM and Rating Advisory, he has been instrumental in helping the clients achieve over 30% in annual savings on both regular and adhoc tasks through standardization of the outputs and deployment of our proprietary BEAT tools.
Delivery Manager, Investment Banking
Puja has 6 years of extensive experience in ESG, Climate Change & Sustainability and she is supervising the ESG team at Acuity. She also has diverse experience in conducting ESIA, EHS compliance audits, ESG Risks and Controls, EHS & ESG Due Diligence assessments. Prior to joining Acuity, she was working with companies like KPMG Global Services, EY India and ERM India. She has expertise in provisioning extensive research requirements for clients through preparation of Peer Benchmarking, Target Compilation, Sustainability report, Sustainable Finance Updates and Sectoral ESG Thematic Detailing Engagement.
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