Climate and Clean Tech | May 9, 2022

Pachama scores $55 million to verify forest-based carbon credits

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, May 9 — Pachama, which uses satellite imaging and artificial intelligence to monitor carbon stored in forests, has raised $55 million in an undisclosed financing round.

The San Francisco-based company says it has worked with Netflix, Salesforce, Airbnb, Shopify, Microsoft and Amazon on forest-based carbon offset projects.

“Pachama’s platform will be key to documenting carbon removal and accelerating carbon neutrality and negativity,” said Carmichael Roberts of Breakthrough Energy Ventures, an investor in the Series B round. Angel investors include Serena Williams, talk-show host Ellen DeGeneres and her spouse Portia DeRossi.

Carbon markets

“With this investment, we will go beyond evaluating existing forest projects, building new, high-quality forest conservation projects from the ground up, using technology at every step along the way,” writes Pachama’s Diego Saez Gil.

Investors include Future Positive, Lowercarbon Capital, MCJ Collective, Amazon Climate Pledge Fund and others.