Pachama Raises USD55M in Series B Funding

Pachama

Pachama, a San Francisco, CA-based nature-based carbon credit platform provider, raised $55M in a Series B funding.

Future Positive led the round with participation from Breakthrough Energy Ventures and LowerCarbon Capital. Future Positive’s founding partner, Fred Blackford, joined Pachama’s Board of Directors.

The funds will be used to:

  • To bring integrity, quality and scale to carbon market, we must continue to build a technological-based, scientifically rigorous approach to verifying forest carbon credits.
  • acquire talent,
  • Expand your efforts to reach corporate and forest developers.
  • Accelerate research and development
  • You can scale up the technology necessary to transform carbon markets.

Pachama Pachama’s CEO and co-founder Diego Saez Gil is the company’s chief executive officer. The company uses the most recent advances in remote sensing, satellite imagery, and machine learning to accurately measure carbon in forests and track forest growth. Through the platform, responsible companies can confidently invest in high-quality forest conservation projects verified by the company’s evaluation process.

Pachama has been working with 46 forest project developers from 14 countries over the past three years. He has also reviewed more than 150 forest projects worldwide and has more 800 customers who are sustainably-minded, such as Salesforce, Nespresso and Microsoft.

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