Startup raises €5M seed for European carbon offset projects 

Carbon offset startup Tree.ly announced that it has secured €5 million Seed investment. PortfoLion Capital Partners led the funding, which also  included Gründungsfonds, Symbia VC, and the Tyrolean Business Angel Network.  

Tree.ly works on forest climate protection projects throughout Austria, Germany, and across Europe. They aim to combat climate change by maximizing the capabilities of local forests and collaborating with forest owners, municipalities, corporations, and citizens.