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Pachama Increases Series B To $64 Million With $9 Million Extension Led By Lowercarbon Capital, T.Capital, And Positive Ventures

Dec 05, 2023about 2 years ago

Round Type

series b

San Francisco

Investors

Ebony BeckwithPere NfraDucks UnlimitedMercado LibrePachamaLaura DernEllen De GeneresSerena WilliamsAmazon’s Climate Pledge FundBreakthrough Energy VenturesFuture PositivePositive VenturesLowercarbon CapitalT.Capital,

Description

Pachama, the technology company on a mission to solve climate change by restoring nature, today announced it extended its Series B round to include an additional $9 million in new equity capital. The extension brings Pachama’s Series B total to $64 million and was participated in by new investor T.Capital, the corporate venture capital arm of Deutsche Telekom (majority owners of T-Mobile US), alongside existing investors Lowercarbon Capital and Positive Ventures. Pachama has now raised $88 million in cumulative funding from the aforementioned investors in addition to Future Positive, Breakthrough Energy Ventures, Amazon’s Climate Pledge Fund, Serena Williams, Ellen DeGeneres, and Laura Dern, among others.

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