Pachama, the technology company on a mission to solve climate change by restoring nature 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.
Read also – [Funding alert] Machinery Partner Raises $11M to Serve the Builders of America
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.
Read also – [Funding alert] Kyron Learning Secures $14.6m in Series A Funding Round
“Science tells us that we can’t solve the climate crisis without protecting nature and removing carbon. Pachama continues to drive the investment needed to restore forests at scale to draw down carbon, restore biodiversity, and uplift communities around the world,” said Diego Saez Gil, CEO and co-founder of Pachama. “Over the past year, the world recognized the importance of ensuring integrity, transparency, and impact in carbon markets, and that’s what Pachama has been working on since our inception. This additional capital will allow us to continue advancing this critical mission.”
Read also – [Funding alert]Digital Health Strategies Raises Series A Funding
“Over the past year, the world recognized the importance of ensuring integrity, transparency, and impact in carbon markets, and that’s what Pachama has been working on since our inception.” — Diego Saez Gil, CEO and co-founder of Pachama
Read also – [Funding alert] Cytonus Therapeutics Raises $11.7 Mn in Series A Round
Pachama also announced that Ebony Beckwith, former Chief Business Officer at Salesforce, has joined the board as Independent Board Member. Having led Salesforce’s philanthropic efforts, Beckwith’s experience and counsel will be invaluable as Pachama continues to lead in the climate tech sector.
Read also – [Funding alert] AssemblyAI Raises $50M in Series C Funding Round led by Accel
“I’m excited to work with Pachama as they continue to execute on their mission and establish confidence with companies looking for rigorously-vetted carbon projects that help them meet their own climate goals.” — Ebony Beckwith, Independent Board Member of Pachama
Read also – [Funding alert] Polaris Electro-Optics Raises $3 Mn Seed Round to Revolutionize Optical Interconnects
About Pachama
Pachama’s technology empowers companies to confidently invest in nature. By harnessing the latest advancements in satellite data and AI, Pachama delivers unprecedented insight into how forests sequester carbon, protect wildlife and provide livelihoods to local communities.
Read also – ParentSquare Acquires Remind, Expanding Options for School-Home Engagement
