Carbmee: Helping Maersk & Coca-Cola Curtail Carbon Emissions

Carbmee's recent Series A funding round looks set to spark a notable expansion aimed at fostering innovation and growth within the sector.

The enterprise carbon management company, which has tripled its annual revenue for three consecutive years, secured €20m (US$21m) in funding, representing a significant juncture. 

With a growing list of international manufacturers that include industry giants such as Schaeffler, Miele, Maersk, Coca-Cola, and Anglo American, carbmee is at the forefront of helping businesses measure, manage and decrease their carbon emissions effectively.

The sizeable investment was led by climate fintech adviser CommerzVentures and supported by contributions from Fly Ventures and numerous angel investors.

Strategic expansion and innovation

With this new influx of capital, carbmee has announced plans to notably drive product innovation while simultaneously extending its global reach.

"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," says carbmee CEO and Co-Founder Christian Heinrich.

“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.

"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.”

This strategic move is not just about expansion for carbmee, but refining its software and service offerings to solidify its standing as a premier solution for businesses navigating complex regulatory landscapes.

The company’s goal is to excel in supporting businesses with their Scope 3 carbon management strategies, a critical factor as companies globally strive towards more rigorous sustainability benchmarks.

Scope 3 refers to indirect emissions that occur in a company's value chain, including both upstream and downstream emissions, making them complex to track and manage.

Technological excellence and market leadership

Foundational to its market strategy, carbmee was established in 2021 and quickly positioned itself as an indispensable tool for companies serious about meeting robust sustainability targets.

The firm’s client list reads like a who’s who of the corporate world, with names such as Lufthansa Technik, Maersk, Kärcher, Hilti, Miele, Coca-Cola, Schaeffler and Anglo American all leveraging carbmee’s advanced platform.

The latest influx of funds will be channelled towards enhancing the capabilities of carbmee’s Environmental Intelligence System, EISTM.

This includes investments in the carbmee Studio, a pioneering customisation tool launched recently. It enables clients to craft bespoke, AI-enhanced reports and dashboards that provide deeper insights and more nuanced control over their environmental data.

“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," adds Christian.

Support from major manufacturers

Carbmee’s journey has been bolstered by substantial support from more than 15 high-profile angel investors.

This distinguished group includes Noah Eisner, a co-founder of Coupa Software; Gisbert Rühl, CEO of Klöckner & Co; Dirk Hoke, CEO of Volocopter; Mike Corbo, former chief supply chain officer at Colgate-Palmolive; Pat McCarthy, VP Workspace & Gemini at Google; Marcel Vollmer, former CIO of Celonis; and Ulrich Piepel, former CPO at RWE.

Collectively, these investments underline a shared vision for a sustainable industrial future and a strong belief in carbmee’s strategy and approach towards modernising carbon management in manufacturing and beyond.

By spearheading innovations in environmental intelligence, carbmee not only cements its role as a leader but also shifts the broader manufacturing sector towards more sustainable operations.

"We address one of the biggest challenges faced by the manufacturing industry," says carbmee Co-Founder Robin Spickers.

“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.

“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.

With support from global manufacturers and a clear vision, carbmee continues to advance its work to address carbon emissions and the broader impact of Scope 3 on manufacturing. 

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