as properly as to the conventional carbon offset resellers and exchanges resembling local climate confederate or local climate affect X the tech house has additionally produced a pair of, collectively with Patch (US-primarily based, raised $26.5M) and Lune (UK-primarily based, raised $4M).
Ceezer ’s pitch is that corporations should deal with a quantity of complexity when contemplating how they deal with carbon eradicating and discount associated to their companies. Whie they will buy offsetting credit, the market stays pretty ‘wild-west’, and has a quantity of competing requirements working in parallel. as an illustration, the worth differ of $5 to $500 per ton is clearly everywhere, and typically carbon offset resellers make consumers pay extreme prices for low-extreme quality carbon credit, pulling in further revenues from a terribly opaque market.
The startup’s offering is for corporates to combine each carbon eradicating and avoidance credit in a single bundle. It does this by mining the offsetting market for tons of information factors, enabling carbon offset sellers to attain consumers with out having to make the most of these center-males resellers.
The startup claims that sellers not waste time and money on bespoke contracts with corporates however instead use Ceezer’s authorized framework for all transactions. concurrently, consumers can entry credit at a foremost market diploma, maximizing the affect of the dollars they spend on carbon offsets.
Ceezer says it now has over 50 agency prospects and has 200,000 tons of carbon credit to promote throughout a quantity of classes. and might use the funds to broaden its affect and sourcing workforce, the idea being to make carbon eradicating utilized sciences extra accessible to agency consumers, plus widen the product offering for credit rating sellers and consumers.