TLDR:
- Earthshot Labs raised $5.5 million in a Series A funding round to support its nature-based carbon project financing platform.
- The platform streamlines project finance with automated tools and has helped develop over 60 projects sequestering over 30 million tonnes of CO2.
Earthshot Labs, a nature-based carbon project development and financing startup, announced a successful Series A funding round, raising $5.5 million to expand its platform. Launched in 2020, Earthshot Labs focuses on developing and financing nature restoration and conservation projects using carbon as the primary financing mechanism. The platform offers automated feasibility and underwriting tools to streamline compliance and derisk project finance.
The company has so far assisted in the development of more than 60 projects, including reforestation, conservation, agroforestry, and improved forest management, with over $55 million in financing directed towards these initiatives. Earthshot Labs projects cover over a million hectares and are expected to sequester over 30 million tonnes of CO2.
The Series A funding round was led by Acorn Pacific Ventures, a California-based investor, along with participation from other investors such as Earth Foundry, Future Ventures, and Resilient Earth Capital. Derek Chau, a Partner at Acorn Pacific, highlighted Earthshot’s experienced team and track record with large companies as key factors in the investment decision.
Mark Segal, the founder of Earthshot Labs, has a background in investment management and research, with experience in evaluating sustainability factors affecting portfolio companies. With this new funding, Earthshot Labs aims to further expand its platform and continue to support impactful nature-based carbon projects.
