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Pachama received $3.37M from Shopify to pioneer a groundbreaking reforestation initiative in Brazil's Atlantic Forest

Apr 03, 2024over 1 year ago

Amount Raised

$3.37 Million

Round Type

seed

San Francisco

Investors

Shopify

Description

Pachama has received a carbon removal credit purchase of $3.37 million from Shopify's Sustainability Fund to spearhead a transformative reforestation investment known as Aguas da Mata Atlantica, offering substantial water benefits and creating employment opportunities.

Company Information

Company

Pachama

Location

San Francisco, California, United States

About

Pachama's mission is to restore nature to solve climate change. We use AI and satellite data to originate, verify and monitor nature-based carbon sequestration projects around the world.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers