April 16, 2020 Press

SMP advises Planetly on Seed Financing Round

Berlin - Schnittker Möllmann Partners (SMP) has advised the recently founded start-up Planetly on its seed financing round. The climate tech start-up has raised 5.2 million euros from investors such as Speedinvest, Cavalry Ventures and various business angels.

"Stopping climate change is the greatest challenge of the 21st century. I am therefore pleased to see that well-known investors are recognizing the value of business models that address this problem – and are also backing them," says Peter Möllmann, partner at SMP.

Planetly was founded by two experienced serial entrepreneurs: Anna Alex, who previously co-founded the personal shopping start-up Outfittery, and Benedikt Franke, the co-founder of Helpling. The climate tech start-up Planetly develops digital tools that companies can use to calculate, reduce and offset their CO2 emissions. The fresh capital infusion will support the personnel expansion as well as software development.

The advisory team at SMP consisted of Peter Möllmann and Daniel Grisar.