ImpactAlpha, October 16 – Amsterdam-based Land Life Company has raised a €3.5 million ($4 million) Series A round to support reforestation of degraded land. The round was led by the Grantham Foundation, the private foundation of Jeremy Grantham, founder of asset management firm GMO.
Roughly two billion hectares of land have been degraded globally, according to the U.N. Convention to Combat Desertification. Common causes include agricultural and industrial activity. Land degradation poses both social and climate risks because degraded parcels cannot reliably support food production or capture carbon from the atmosphere.
Land Life launched in 2013 with a solution called the “Cocoon,” a biodegradable water-filled donut that incubates tree seedlings in harsh environments. The firm works with companies that want to offset their carbon footprints through tree planting projects. It has launched projects in 25 countries, and captures and logs data for each project through imaging and soil sampling.
Land Life’s new round will help the company expand partnerships with companies, as well as with government agencies, foundations and non-profits.