CA-based Cultivo secures $14Million in series A round funding. With the participation of Peña Verde and Salkantay Ventures, the round led by MassMutual Ventures and Octopus Energy Generation boosted the total sum to $20 million.
The money will be used by the business to improve its AI-driven science and technology platform. Cultivo is a public benefit organization that accelerates investment to regenerate nature at scale, under the leadership of CEO Dr. Manuel Piñuela.
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It enhances the value of natural capital by mobilizing various financial pools for land regeneration projects that reduce carbon emissions, boost biodiversity, and enhance water storage, as well as by employing its AI-driven science and technology platform for project origination.
In order to co-design, carry out, and oversee projects to standards that are just and equitable for nearby communities and land stewards, the company also collaborates closely with NGOs and land partners. The superior nature-based carbon removal projects in Cultivo’s pipeline span more than 100 million hectares, or more than twice the area of California.
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Additionally, the firm and Octopus Energy Generation have an agreement that allows them to invest up to $40 million in natural capital projects in Europe, Australasia, and North America.
Manuel Piñuela said: “Investors are recognizing the value and scale of the natural capital investment opportunity, and companies are wanting to secure a future supply of high-quality carbon removal credits to mitigate volatility and quality concerns seen in the voluntary carbon market. This funding allows us to continue to deliver our growing pipeline of high-quality natural capital projects for our institutional customers, and accelerate the development of our AI-driven science & technology platform. We’re deeply honored to have MassMutual Ventures and Octopus Energy Generation join us on our mission to regenerate nature at scale”.
About Cultivo
Scale-up investment in nature is accelerated by Cultivo. They accomplish this by demonstrating how investments in natural capital may yield robust financial returns that are beneficial to both society and the environment. They anticipate the natural capital returns and find high-quality projects using proprietary algorithms and remote sensor technologies.
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