AXA fund to invest $49 million in Brazil reforestation projects

An alternative investment vehicle controlled by French insurer AXA (AXAF.PA) said on Tuesday it will inject $49 million into reforestation projects in Brazil led by local startup Mombak.
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.
Genetics, management and nutrition are key to low carbon animal agriculture

Producers from different regions of the country discuss strategies that worked in their properties during the 1st Future of Agribusiness Forum.
Mombak wants to generate reforestation carbon credits (and is raising a fund to do so)

Startup founded by former CFO of Nubank wants to remove carbon from the atmosphere by restoring deforested areas — an activity that has not yet been proven on a large scale.
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.