Press Release
Startup raises R$235 million to reforest the Amazon
July 19, 2023
The startup Mombak, which works with reforestation in the Amazon, announced this Tuesday that it will receive US$ 49 million (R$ 235 million) from the French insurance company Axa to finance the reforestation of more than 10 thousand hectares of degraded pastures.

The startup Mombak, which works with reforestation in the Amazon, announced this Tuesday that it will receive US$ 49 million (R$ 235 million) from the French insurance company Axa to finance the reforestation of more than 10 thousand hectares of degraded pastures.

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In the Amazon, Mombak bets on the world's largest reforestation project to remove carbon
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The carbon credit startup raised US$120 million in investment to scale up the planting of native seedlings and acquired an area of ​​20 thousand hectares in Pará
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Mombak wants to accelerate reforestation in the Amazon with native species
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A company created by former technology and innovation executives, Mombak has closed its third financing operation to advance the purchase and lease of land to implement its reforestation projects in the Amazon with native species.
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Carbon credits obtained through reforestation attract investments from multinationals. However, the country needs to advance in regulations and new projects
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Bloomberg New Economy Announces 2024 Catalysts in Recognition of Innovative Thinking and Action
October 16, 2024
Bloomberg announced the 2024 Bloomberg New Economy Catalysts , a global group of scientists, policymakers and entrepreneurs whose efforts and goals are contributing to a safer, healthier, more connected and sustainable world
Read on Bloomberg
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