Pachama, a San Francisco, CA-based technology company focused on climate change, raised $9M in additional funding.
The round, which brought the total amount of its Series B to $64M, saw participation from T.Capital, alongside existing investors Lowercarbon Capital and Positive Ventures. Pachama also announced today that Ebony Beckwith, former Chief Business Officer at Salesforce, has joined the board as Independent Board Member.
The additional capital will drive continued investment in research and development in the critical area of AI applied to geospatial data for climate mitigation, as well as enhanced focus on serving companies and project developers with new products and services.
Led by Diego Saez Gil, Pachama provides a technology platform that empowers companies to invest in nature. By leveraging the latest advancements in satellite data and AI, it delivers insight into how forests sequester carbon, protect wildlife and provide livelihoods to local communities. Its insights help companies identify and invest in projects and continuously track their impact over time. The company also makes it easy for land stewards to earn an income protecting nature by offering tools to help estimate carbon, start a project and secure funding.
The company has served climate leaders such as Salesforce, Nespresso, Shopify and Boston Consulting Group.
FinSMEs
05/12/2023