zero44, a Berlin, Germany-based SaaS startup for CO2 management of merchant ships, raised €2.5 million in funding led by early-stage investor Atlantic Labs.
Starthub Ventures and Bernhard Schulte Innoport as well as several business angels from the logistics and shipping industry also invested in the company.
The new capital will be used for the further development of zero44’s software, new customer acquisition, and the further expansion of the team.
Friederike Hesse, co-founder and CEO of zero44 said, “We offer them an answer and can help them to quickly become sustainable and reduce emissions. The fact that we were also able to convince Atlantic Labs of this vision and win them over as an investor is an important sign—for us and the entire market—especially in times when VC money is being awarded much more sparsely than before.”
Nils Obermann, co-founder and also CEO of zero44, added, “The new funds as well as Atlantic Labs’ great expertise and network will give us a tailwind for the future: We want to further develop and optimize our product, and our team should also continue to grow. In addition, time is pressing to prepare as many companies in the shipping industry as possible in time for the EU Emissions Trading System. We need resources for this as well – through this financing round, we have them. We are very happy and proud of our team, which has achieved so extremely much in just one year since we started.”
With the help of the zero44 solution, shipping companies receive a comprehensive and daily updated overview of their CO2 emissions, the necessary EU certificates, and the corresponding cash flow.
In addition, users can purchase certificates via the platform and transfer them to contractual partners. This makes zero44 a comprehensive digital solution that enables players in the shipping industry to set themselves up for sustainability quickly and effectively.
Company: zero44 GmbH
Funding Month: May 2023
Lead Investors: Atlantic Labs
Additional Investors: Starthub Ventures and Bernhard Schulte Innoport
Company Website: https://www.zero44.eu/
Software Category: CO2 Management
About the Company: Founded in 2022 by Friederike Hesse and Nils Obermann, zero44 is a B2B SaaS startup dedicated to developing software solutions for the maritime industry. zero44 helps companies from the shipping industry (shipping companies, charterers, and ship managers) set up the optimal and commercially most sensible CO2 strategy and reduce CO2 significantly and quickly. In particular, zero44 supports its customers in participating in EU emissions trading. The company’s mission is to provide the maritime industry with digital solutions to reach carbon zero.