Pachama received $3.37M from Shopify to pioneer a groundbreaking reforestation initiative in Brazil's Atlantic Forest
Apr 03, 2024•over 1 year ago
Amount Raised
$3.37 Million
Round Type
seed
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers