Climate tech software startup Cozero announced today that it has raised €6.5 million (USD$6.9 million) in a Series A funding round, with proceeds aimed at supporting the company’s international expansion and the development of its Climate ERP solution.

Founded in 2020, Berlin, Germany-based Cozero provides CO2 management software aimed at enabling companies to measure and reduce company and product emissions and to meet regulatory sustainability reporting requirements such as the EU’s CSRD. The company’s solutions combine accounting, decarbonization, and reporting capabilities to measure, report, and reduce Scope 1-3 emissions.

According to Cozero, the company’s solutions aim to help companies make emissions management easier and to address the challenges to sustainability performance presented by a lack of detailed emissions data, citing a recent BCG study that found that only 1 out of 10 companies comprehensively measure and report Scope 1, 2 and 3 emissions.

Helen Tacke, CEO and Co-founder of Cozero, said:

“Climate management tools must evolve, allowing organizations to effectively measure and reduce their carbon footprint by linking climate actions to business impacts. Our Climate ERP provides a proven technology that facilitates seamless emissions management and a targeted steering of the company and its resources. This enables businesses to not only meet regulatory reporting requirements but also to transform their value chain and product offerings towards premium, low-carbon alternatives.”

The financing round was led by Kvanted Ventures and ENV(EnBW New Ventures), and included participation from NewAlpha Asset Management and business angels and advisors from the logistics, manufacturing, and SaaS industries, including Henrik Larsen, Maersk’s former CPO, Gero Decker, Signavio Co-founder, and existing Business Angels such as Torben Schreiter, Signavio Co-founder, and André Christ, LeanIX Founder.

Melanie Beyersdorf, Investment Manager at ENV said:

“Actionable sustainability requires more than just compliance. It requires a balanced approach that weighs environmental obligations and financial implications. Organizations need to prioritize solutions that provide clear insight, enabling them to make decisions that are both environmentally responsible and financially prudent.”