Tree.ly secures 5 million euros in seed capital

Tree.ly secures €5 million to expand its forest carbon offset platform in Europe. Read how the company uses local forests for carbon credits.

Tree.ly announced today that the company, based in Dornbirn (Austria) and Berlin, has successfully secured a €5 million seed investment from PortfoLion, aws Gründungsfonds, SymbiaVC and the Tyrolean Business Angel Network.

The Austrian company, a pioneer in regional forest carbon offset projects, will use this investment to accelerate its growth and attract new customers in the five European markets in which it operates. Part of the funds will be used to develop a new version of the standard for certifying climate protection performance. In addition, the functionality and automation of the platform will be further improved.

The market for voluntary carbon credits is expected to grow to 15 billion euros worldwide and 3 billion euros in Europe over the next 5 years, with a strong trend towards regional and high quality projects.

Jodok Batlogg, founder and CEO of Tree.ly

Tree.ly leads the market with its ISO-certified carbon sequestration methodology, connecting companies with forest owners to generate high-quality, TÜV-approved carbon credits. Contracts have currently been concluded for 180,110 hectares of forest in Austria, Germany, Italy, the Netherlands and the Czech Republic. Tree.ly's certified projects have already contractually fixed a CO₂ storage capacity of over 2.8 million tons of CO₂.

Goal: market leadership and sustainable growth strategy

Tree.ly plans to continue its growth rate of over 300 percent per year. The company aims to expand to over 1 million hectares of carbon offset projects within a few years and establish itself as a leading provider of high-quality regional CO₂ credits.

We are delighted to be part of an innovative Austrian start-up with our investment in Tree.ly.

Markus Jandrinitsch, Managing Director of aws Gründungsfond

Aurel Pasztor from PortfoLion Capital Partners emphasizes the growing importance of well-monitored local projects in the voluntary carbon market and sees Tree.ly as ideally positioned to take a pioneering role in Europe.

The startup

The Tree.ly Group was founded in 2021 by serial entrepreneurs Jodok Batlogg and Christian Lutz. The startup develops forest carbon offset projects across Europe to combat climate change through forest management. Tree.ly contributes to climate-resilient forestry through CO₂ credits with co-benefits for biodiversity and the SDGs. Tree.ly promotes transparent and direct cooperation between forest owners and companies and enables them to make a measurable and local contribution to climate protection.