How Will Carbon Manager Carbmee Use its US$21m Windfall?

December 03, 2024

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carbmee Co-Founders Robin Spickers and Christian Heinrich

Enterprise carbon management firm carbmee, which helps the likes of Maersk & Coca-Cola, has landed US$21m (€20m) of Series A funds for innovation & growth

Enterprise carbon management firm carbmee is planning further expansion after securing US$21m (€20m) of Series A funds for innovation & growth.

The company, which has achieved three consecutive years of tripling its annual revenue, supports a range of international clients, including Schaeffler, Miele, Maersk, Coca-Cola and Anglo American in measuring, managing and reducing their carbon emissions.

The Series A was led by climate fintech advisor CommerzVentures, with participation from Fly Ventures and several angel investors.

carbmee Co-Founders Robin Spickers and Christian Heinrich and VP Decarbonization Dieter Krockauer

A growing concern

A carbmee press release said the company will use this “fresh infusion of capital” to drive product innovation and expand its reach to enterprises around the globe.

It will also help carbmee continue to enhance its software and service offerings, ensuring it remains a “best-in-class solution for businesses aiming to comply with complex regulatory frameworks and excel in their Scope 3 carbon management strategies”.

CEO and co-founder Christian Heinrich said: "This funding round is a validation of the innovative work we’ve done so far, but it’s also a launching point for what comes next.

“It’s a clear confirmation that we made the right decisions four years ago by anticipating the importance of scope 3 emissions in manufacturing industries.”

He added: “With over 80% of emissions being rooted in the supply chain, we have built a platform that not only meets the evolving needs of complex industry enterprises but also plays a critical role in the global shift toward sustainability.”

‘Unparalleled accuracy and efficiency’

Founded in 2021, carbmee says it has established itself as a “game-changing solution for businesses looking to meet ambitious sustainability goals”.

It adds: “Typically, organisations struggle to track their carbon footprint effectively or accurately, due to siloed functions and a reliance on tools like Excel.

“By leveraging advanced data analytics and AI, carbmee’s centralised platform enables companies to manage, reduce and report on their carbon emissions with unparalleled accuracy and efficiency.”

Currently, carbmee is working with customers including:

Lufthansa
Technik
Maersk
Kärcher
Hilti
Miele
Coca-Cola
Schaeffler
Anglo American.

Coca-Cola

Overcoming data silos

The funds raised will be invested in further developing carbmee’s Environmental Intelligence System, the platform EISTM, with a focus on features including collecting granular LCA data and carbmee Studio, the recently launched customisation tool that enables users to create tailored, AI-driven reports and dashboards.

Christian said: “This investment will allow us to show the value of our platform not only to procurement and operations teams, but even more to extend the value to all organisational departments, including finance for integrated carbon accounting and R&D for eco-friendly product design.”

Co-founder Robin Spickers said: "We address one of the biggest challenges faced by the manufacturing industry.

“Currently, teams in large organisations work in data silos – procurement, R&D, finance, production – and rely on manual Excel spreadsheets to calculate carbon footprints, causing data inaccuracy and ineffective processes.”

He added: “Our product provides a centralised platform for all enterprise users to manage CO2 emissions at the corporate, product, supplier and SKU levels, enabling CO2 data to be managed as accurately as financial data in an ERP system.”

He said procurement teams can collect primary data and choose the greenest suppliers, finance teams can report in compliance with CSRD or CBAM, R&D engineers can design the green products of tomorrow and sustainability teams can identify CO2 reduction opportunities.

Paul Morgenthaler

Leading an industrial step-change

Paul Morgenthaler, Managing Partner at CommerzVentures, said: “Christian and Robin have already achieved phenomenal growth since founding carbmee.

“They are at the forefront of a vital industrial step-change as businesses around the world demand the knowledge and support to manage their carbon emissions.”

Paul added: “Their powerful software breaks down the complexity of decarbonising global supply chains, solving a key problem for industries.”

Noah Eisner