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Today: June 21, 2024
January 30, 2024
1 min read

Moonfare cofounder unveils $10M startup aiming to revolutionize carbon credits.

TLDR:

The cofounder of Moonfare, Alexander Argyros, has launched a new climate tech startup called BlueLayer. The company has raised $10 million in funding and aims to become the operating system for carbon credit projects. BlueLayer is building an end-to-end software platform for developers of carbon credits-generating projects, providing tools for project certification, inventory management, and contract monitoring. The startup plans to streamline administrative tasks and improve the supply-side crunch in the carbon credit market.

Berlin-based climate tech startup BlueLayer, founded by Alexander Argyros, has emerged from stealth mode with $10 million in fresh funds. The company aims to become the operating system for developers of projects that generate carbon credits. BlueLayer is building an end-to-end software platform to help developers scale, increase transparency, and deliver high-quality credits. It caters to nature-based and engineered carbon project developers and assists with project certification, inventory management, and contract monitoring.

BlueLayer’s platform is designed to streamline administrative tasks and bring information into one place, enabling carbon projects to come online more quickly and address the supply-side crunch in the carbon credit market. The company developed its product in partnership with two major carbon project developers while it was still in stealth mode, both of whom have remained as customers. BlueLayer plans to remain flexible and responsive to the market’s needs as it continues to build features and expand its platform’s capabilities.

The $10 million in funding for BlueLayer includes $5.6 million in seed funding led by European software firm Point Nine Capital, and $4.6 million in pre-seed financing from over 50 angels, including climate tech experts, founders, and investors. The recent funding round will be used to expand the platform’s features and grow BlueLayer’s team of 18 employees based in Berlin, London, and Athens.

BlueLayer aims to address the need for quality supply in the carbon credit market and provide developers with a tool that covers the entire lifecycle of projects. The company’s platform helps to streamline administrative tasks, improve project transparency, and assist with credit certification and issuance. Founded by Alexander Argyros, Vivian Bertseka, and Gerardo Bonilla, BlueLayer plans to continue expanding its platform’s capabilities and responding to market demands to support the growth of the carbon credit market.

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