Earthshot Carbon Development Platform Raises $5.5M Series A
2024年7月17日 - 8:00PM
ビジネスワイヤ(英語)
Earthshot’s carbon development platform
streamlines compliance and derisks project finance with automated
feasibility and underwriting tools
Earthshot Labs announced it has completed a $5.5 million Series
A financing round to expand its platform for nature-based carbon
project development and financing. Earthshot has helped develop
more than 60 reforestation, conservation, agroforestry, and
improved forest management projects around the world, and directed
over $55 million in financing. Their LandOS technology platform and
advanced ecosystem analytics has lowered the speed and cost of
project development while providing unprecedented diligence to
institutional investors and corporate buyers. Their current
projects with partners like Birdlife International and TreeAid
cover over a million hectares and will sequester over 30 million
tonnes of CO2.
The round was led by Acorn Pacific Ventures with participation
by Earth Foundry, Future Ventures, Resilient Earth Capital, One
Small Planet, Parameter Ventures, Sand Hill Angels, and Orca
Capital.
“Earthshot has one of the most experienced and scientifically
credentialled teams in the industry, and has a proven track record
with many of the largest companies in the world. We analyzed over
200 climate tech companies before making this investment,” shared
Derek Chau, partner at Acorn Pacific.
Judy Li at Earth Foundry is similarly excited about Earthshot’s
potential: “We’ve seen dozens of software companies building
digital MRV tools or carbon marketplaces, but Earthshot
fundamentally unlocks this market unlike any other company we
evaluated. It’s exciting to see a company with such deep ecological
values and scientific integrity also reach this level of commercial
traction so early.”
Earthshot’s fundraise comes at a strong inflection point for
nature-based climate solutions. The White House and Secretary of
the Treasury Janet Yellen recently endorsed voluntary carbon
markets and included Earthshot’s chief scientist Trevor Keenan on a
task force to inform policy and expand funding, and the Symbiosis
Coalition of Microsoft, Google, Meta, and Salesforce recently
announced a 20 million credit purchase commitment for reforestation
projects.
Earthshot's focus on bringing scientific rigor, workflow
automation, and high quality standards to carbon markets has placed
it as a leading alternative to conventional developers. There has
been widespread market criticism the last year for unfair financial
compensation for communities, over-crediting from unscientific
baseline calculations, poor project biodiversity, and rushed
community engagement and FPIC processes, all of which Earthshot
addresses.
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version on businesswire.com: https://www.businesswire.com/news/home/20240717242425/en/
Andrea Dennis contact@earthshot.eco (513) 349-5836