Pachama Raises USD55M in Series B Funding

Pachama, San FranciscoCA-based, nature-based carbon credit platform provider, raised $55M inYou can find more information at Series B funding.

TheRound, which brings total investment to $79M, was facilitated by Future PositiveParticipation from Breakthrough Energy Ventures, LowerCarbon Capital, Ellen Degeneres, Portia De Rossi, Plus CapitalReGen Ventures, 20VC, Alexis Ohanian, Azeem Azhar, Miguel Nogales, Seth Goldman, Matias Muchnick, Alex Will, Claire Hughes Johnson, Khaled Naim, Toby Lutke, Zinal Growth, Seaya Andromeda, Wollemi Capital, Amazon Climate Pledge Fund, Social+Capital, MCJ Collective, AirAngels, Sweet Capital, Saltwater Capital, Serena Williams, Manu Ginobili, OATV, Ram Shriram, Joe Gebbia, Marcos Galperin, Fabrice Grinda, Sahil LavigniaAnd Aglae Ventures. Future Positive’s founding partner, Fred Blackford, joined Pachama’s BoardThis is Directors. 

TheCompany plans to use the funds to:

  • Continue to build a technological-based, scientifically sound approach to forest carbon credits verification in order bring quality, integrity, scale and credibility to carbon markets.
  • acquire talent,
  • Expand your efforts to reach corporate and forest developers.
  • Accelerate research-development
  • You can scale up the technology necessary to transform carbon markets.

LedBy Diego Saez GilCo-founder and CEO of the company. Pachama Pachamais a technology company that makes use of the most recent advancements inSatellite imagery, remote sensing, and machine learning are used to measure carbon stored inForests are managed with precision and track forest growth over time. ThroughResponsible companies can now confidently invest on the platform in high-quality forest conservation projects verified by the company’s evaluation process. 

In 3 years, Pachamahas worked with 46 forest project developers in14 countries reviewed over 150 projects in the forest, and more than 800 organizations that are sustainably-minded were included as customers. Salesforce, Microsoft, Nespresso, Airbnb, Netflix, Softbank, Vuori, Flexport. 

FinSMEs

05/05/2022

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