Ocell secures $10M Series A funding with Capnamic's lead
Deal News | Feb 07, 2025 | Osborne Clarke
Ocell, a Munich-based greentech start-up founded in 2019, has successfully concluded a EUR 10 million Series A funding round aimed at advancing its European expansion and enhancing its AI platform. The funding round was led by Capnamic, with Bayern Kapital, Aenu Ventures, Summiteer, and several business angels participating. Ocell specializes in developing local climate protection projects, leveraging technologies such as aerial imagery and AI to create digital twins of forests for improved forest management. Osborne Clarke, led by Fabian Mimberg, provided legal advice to Capnamic, with a team comprising experts across various domains.
Sectors
- Greentech
- Venture Capital
- AI Technology
Geography
- Germany – Ocell is based in Munich, Germany, and several participants, including investors and advisors, are likely operating within the country.
- Europe – Ocell is focused on expanding its operations across Europe as part of its business strategy.
Industry
- Greentech – The article focuses on Ocell, a greentech company that develops climate protection projects and utilizes AI for forest management.
- Venture Capital – The article discusses a Series A funding round involving venture capital firms such as Capnamic and Aenu Ventures.
- AI Technology – Ocell's platform relies on artificial intelligence, making AI Technology a relevant industry classification.
Financials
- EUR 10 million – The total volume of the Series A funding round raised by Ocell.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ocell | Target | Company | A Munich-based greentech start-up specializing in forest management solutions using AI technology. |
| Capnamic | Lead Investor | Company | A venture capital firm leading the Series A funding round for Ocell. |
| Bayern Kapital | Investor | Company | A key investor participating in Ocell's Series A funding round. |
| Aenu Ventures | Re-investing Investor | Company | Existing investor reinvesting in Ocell's current funding round. |
| Summiteer | Re-investing Investor | Company | Existing investor reinvesting in Ocell's Series A funding round. |
| Osborne Clarke | Legal Advisor | Company | Provided legal advisory services to Capnamic during Ocell's Series A funding round. |
| Fabian Mimberg | Lead Advisor | Person | Led the Osborne Clarke team advising Capnamic. |