Rockefeller Foundation and CPPIB invest in reforestation fund
Mombak project has already invested in more than 3,000 hectares in the Amazon, with 800,000 trees planted, and can accelerate land acquisition with the new capital
Canada Pension Joins Startup at $100 Million Reforestation Fund
Canada’s largest pension fund has joined a project to produce carbon credits by planting more than 100 native tree species on degraded land in Brazil’s Amazon region.
Amazon: farm in Pará is an example of recovery of degraded areas
Amazonian biodiversity makes Brazil a prime location for the carbon credit market, and Pará is one of the most attractive states for investors. On a 3,000-hectare farm, for example, 90 species of native seedlings are being planted.
Carbon capture startups are booming, attracting millions in funding
Crunchbase data shows investments of more than US$500 million in the last year, contrary to the trend in venture capital
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
Carbon Removal Startup, Mombak, Begins $100M Amazon Reforestation Strategy
New venture, with Conservation International as an impact adviser, will help boost supply of high-quality carbon removal credits while creating social, economic, and environmental value
