Dealflow | January 31, 2024

Cultivo clinches $14 million to unlock capital for nature-based projects

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, January 31 — San Francisco-based B Corp. Cultivo uses AI and satellites to pinpoint high-quality and investable nature-based projects. Cultivo develops sustainable grasslands and reforestation projects on behalf of investors to track carbon removal and biodiversity co-benefits.

“Companies are wanting to secure a future supply of high-quality carbon removal credits to mitigate volatility and quality concerns seen in the voluntary carbon markets,” said Cultivo’s Manuel Pinuela.

Cultivo says its current pipeline could remove more than three gigatons of carbon from the atmosphere over two decades.

Nature-based credits

Cultivo has raised $14 million in a Series A round co-led by MassMutual Ventures and Octopus Energy Generation, which formed an agreement with Cultivo to deploy up to $40 million in nature-based projects in North America, Europe and Australia. Brookfield’s Mark Carney sits on the company’s board of directors.