Munich-based climate data startup OCELL secures €10M
Summary
These digital twins provide insights into forest growth, current carbon storage capacity, and other metrics.The newly raised capital will drive the advancements in OCELLs underlying technology, fuel growth, and support the expansion of climate projects across Europe, with a focus on the Nordics and Baltics. Additionally, it will expedite the development of a platform to transparently track and showcase project progress and impact through live data.This allows for the prediction and implementation of climate-optimized forest management strategies to store more carbon in the long term while also proving the benefits of such projects through scientific data.The forests currently managed with OCELLs software, covering an area of more than 810,000 hectares, have the potential to store an additional 1.62 million tons of COe per yearDavid Dohmen, co-founder and co-CEO of OCELL, commented: "In recent years, the reputation of carbon credits has suffered significantly due to often inadequate data foundations, yet they remain a crucial tool in the fight against climate change if implemented correctly. We are thrilled to have experienced partners like Capnamic and Bayern Kapital by our side, who have successfully supported numerous tech companies. The renewed investment from our existing investors further validates OCELLs potential to become a key driver in transforming European forests. "Christian Knott, Managing Partner at Capnamic, added: The key differentiation of the OCELL team is their deep roots in forestry.