Earthshot Labs, a Mill Valley, CA-based provider of a carbon development platform, raised $5.5M in Series A funding.
The round was led by Acorn Pacific Ventures with participation from Earth Foundry, Future Ventures, Resilient Earth Capital, One Small Planet, Parameter Ventures, Sand Hill Angels, and Orca Capital.
The company intends to use the funds to expand its platform for nature-based carbon project development and financing.
Earthshot Labs provides a platform for developing and financing nature restoration and conservation projects using carbon as the primary financing mechanism. The company has helped develop more than 60 reforestation, conservation, agroforestry, and improved forest management projects around the world, and directed over $55M in financing. Their LandOS technology platform and advanced ecosystem analytics has lowered the speed and cost of project development while providing 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.
FinSMEs
17/07/2024