SAN FRANCISCO, California, May 05, 2022 (GLOBE NEWSWIRE) — Pachama, a know-how firm on a mission to revive nature to unravel local weather change, has introduced that it has raised $55M in a Series B funding spherical led by Future Positive, with participation from present traders Breakthrough Energy Ventures, and LowerCarbon Capital. New traders in this spherical embrace Ellen Degeneres and Portia De Rossi alongside Plus Capital, ReGen Ventures, 20VC, and Alexis Ohanian, bringing the overall funding secured to $79M.
Future Positive is a San Francisco-based enterprise capital agency that invests in corporations utilizing revolutionary applied sciences to unravel the world’s most urgent issues. The agency’s founding companion, Fred Blackford, has additionally been appointed as a member of Pachama’s Board of Directors.
Fred Blackford, Founder and Managing Partner of Future Positive, mentioned: “Scaling carbon markets will play a critical role in our collective ability to decarbonize. Pachama is building the infrastructure to support functioning carbon markets by providing vital transparency and accountability around how carbon credits are issued and transacted. Diego is an exceptional leader at the helm of an incredibly impressive team. We’re delighted to partner with him on this journey.”
In simply 3 years, Pachama has labored with 46 of probably the most refined forest mission builders in 14 international locations, reviewed over 150 forest initiatives globally and counts greater than 800 sustainably-minded organizations as prospects, together with Salesforce, Microsoft, Nespresso, Airbnb, Netflix, Softbank, Vuori, and Flexport.
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About Pachama
Pachama is a know-how firm on a mission to revive nature to unravel local weather change. Harnessing the newest developments in satellite tv for pc imagery, distant sensing and machine studying, Pachama measures the carbon saved in our forests with unprecedented precision and displays forest progress over time. Through the Pachama platform, accountable corporations can confidently make investments in high-quality forest conservation initiatives verified by Pachama’s rigorous analysis course of.
About Future Positive
Founded by Fred Blackford and Biz Stone, Future Positive is a San Francisco-based multi-stage enterprise capital agency that invests in corporations utilizing revolutionary applied sciences to steer generational transition. Previous investments embrace Pinterest, Beyond Meat, NotCo, Upside Foods, and Belvo, with angel investments together with Square, Slack, Intercom, Nest, and Blue Bottle Coffee. For extra details about Future Positive, please go to www.futurepositive.com
About Breakthrough Energy Ventures
Founded by Bill Gates and backed by most of the world’s high enterprise leaders, BEV
has raised greater than $2 billion in dedicated capital to help cutting-edge corporations which can be main the world to net-zero emissions. BEV is a purpose-built funding agency that’s looking for to take a position, launch and scale world corporations that can get rid of GHG emissions all through the financial system as quickly as attainable. BEV seeks true breakthroughs and is dedicated to supporting these entrepreneurs and firms by bringing to bear a novel mixture of technical, operational, market and coverage experience.
BEV is part of Breakthrough Energy, a community of funding automobiles, philanthropic applications, coverage advocacy and different actions dedicated to scaling the applied sciences we have to attain net-zero emissions by 2050. Visit www.breakthroughenergy.org to study extra.
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