Loan Digest

Carbon credit platform Pachama raises $55 mln in latest funding round

  • 📰 ReutersScience
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Nature-based carbon credit platform Pachama said on Thursday it had raised $55 million in a funding round led by venture capital firm Future Positive and backed by investors including talk-show host Ellen Degeneres.

"Scaling carbon markets will play a critical role in our collective ability to decarbonise," said Fred Blackford, Founder and Managing Partner of Future Positive in a statement.

Other new investors in the company include actress Portia De Rossi, PLUS Capital, Reddit co-founder Alexis Ohanian, ReGen Ventures and 20VC, alongside previous investors including Bill Gates' Breakthrough Energy Ventures and LowerCarbon Capital.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 559. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Joe Manchin Just Made A Great Argument In Support Of A Carbon TaxIf the goal is to use government policy to encourage manufacturers to dramatically increase the supply of EVs, a carbon tax would be much more efficient than an EV credit.
Source: Forbes - 🏆 394. / 53 Read more »