Startup raises R$235 million to reforest the Amazon
The startup Mombak, which works with reforestation in the Amazon, announced this Tuesday that it will receive US$ 49 million (R$ 235 million) from the French insurance company Axa to finance the reforestation of more than 10 thousand hectares of degraded pastures.
Mombak attracts French giant AXA for carbon projects in the Amazon
Insurance group with almost 1 trillion euros under management enters the cap table of the Brazilian startup and allocates US$ 49 million in the forest
Unprecedented global project is reforesting the Amazon in Brazil
Brazilian startup implements a US$100 million program in Pará to remove carbon from the atmosphere
Brazil looks to start-ups in battle to reforest the Amazon
Companies are replanting millions of hectares and generating revenue through carbon credit sales
Financing transition to nature-smart economies
The panel will discuss investment opportunities in biodiversity finance and innovative business models to promote the protection of biodiversity and ecosystem services. Emphasis will be placed on the potential for the private sector to take a leading position in this transition through targeted investment activities.
Mombak, the startup of the former Nubank CFO that wants to reverse deforestation
Gabriel Haddad Silva spent almost five years as CFO at Nubank, which he left in July 2020. Gabriel founded a startup with Peter Fernandez, the former CEO of 99.
