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SpinLab Alumni PLANTED raises 1 million EUR for climate protection

Jun 24, 2022 11:41:35 AM

The fresh capital comes from Smart Infrastructure Ventures ('SIVentures'), who invested alongside neoteq ventures, Rivus Capital and well-known business angels. This is an important sign in the fight against the climate crisis. We are pleased that the participation in the SpinLab program has helped the team to reach this great milestone. The founders of Planted participated in our startup program in 2021. During the 6 months they gathered important know how from mentors and coaches as well as valuable contacts like to the venture capital funds Smart Infrastructure Ventures. At the HHL SpinLab Investors Day they were able to convince the jury of their important vision and won the best of pitch award with 2000€ prize money, sponsored by the city of Leipzig. Less than a year later, pre-seed funding has been secured.

The greentech startup has developed decarbonization software to help companies offset and reduce CO2 emissions. It involves calculating employees' average carbon footprints and then offsetting them with a subscription model by investing in global climate protection projects. In addition for each employee in Germany trees are planted. More than 100 customers have already joined Planted's mission.

Take advantage of the strong Smart Infrastructure Hub Leipzig ecosyste like Planted. Sumbit your application now for our six month free accelerator program for startups! Our hybrid program focuses on scaling your idea at its full potential and helps you build an international network with VCs and business angels. You will get access to more than 100 reowned mentors, indivudal coaching support and pilot projects with successful companies.

Topics: News startups
Linh Pham

Written by Linh Pham

Linh holds a master's degree in media and communications. In the past years, she has worked as an employee and freelancer in different editorial offices. Since 2020 she is part of the SpinLab team and is now responsible for public relations.

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