TLDR:
- Earthshot Labs raised $5.5M in Series A funding led by Acorn Pacific Ventures
- The company plans to use the funds to expand its platform for nature-based carbon project development and financing
Earthshot Labs, a Mill Valley, CA-based provider of a carbon development platform, has successfully 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 aims to utilize this funding to enhance its platform for nature-based carbon project development and financing.
Earthshot Labs specializes in developing and financing nature restoration and conservation projects using carbon as the primary financing mechanism. With a track record of more than 60 reforestation, conservation, agroforestry, and improved forest management projects across the globe, the company has directed over $55M in financing. Through their LandOS technology platform and advanced ecosystem analytics, Earthshot Labs has streamlined project development processes, reducing both time and costs, while offering due diligence to institutional investors and corporate buyers.
The company’s current projects with partners like Birdlife International and TreeAid span over a million hectares and are projected to sequester over 30 million tonnes of CO2. This innovative approach to carbon project development and financing is crucial in addressing environmental concerns and contributing to global efforts towards sustainability.
