Munich-based climate tech startup OCELL, which develops digital twin technologies for forests to improve sustainable management and increase carbon sequestration, has secured €10 million in Series A funding to expand across Europe and further develop its platform.
- Founded in 2019 by Christian Decher, David Dohmen, and Felix Horvat, OCELL develops technology that creates digital twins of forests. Its platform, Dynamic Forest, combines aerial imagery, AI, and data from various sources to optimize forest management for climate protection.
- The platform enables precise measurement, reporting, and verification of carbon storage and forest growth, improving sustainability and transparency in climate projects. Over 700,000 hectares of forest land are managed with Dynamic Forest, positioning OCELL as a leader in climate-smart forestry.
Details of the deal
- The Series A round was led by Capnamic, a Germany-based venture capital firm focusing on early-stage investments in exceptional teams within the German-speaking regions.
"At a time when the market is experiencing a major shift in regulation and transparency requirements, OCELL’s offering stands out. No other solution knows the forest as intimately, because they are actively helping forest owners to manage it. We are thrilled to support their acceleration and ambitious international growth ambition," explains, Christian Knott, Managing Partner at Capnamic.
- Bayern Kapital, a German venture capital firm that invests in tech startups with ticket sizes of up to €25 million, also participated in the round. Existing investors AENU and Summiteer and business angels like Max Viessmann are also involved in the funding.
- The fresh capital will enable OCELL to enhance its AI platform, expand climate projects across Europe, develop a tracking platform for project impact, and scale its software to manage more forest areas for increased carbon sequestration.
"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 OCELL’s potential to become a key driver in transforming European forests," co-founder and co-CEO of OCELL, David Dohmen, commented.