Pachama develops technology that harnesses satellite data and AI to deliver insights on how forests sequester carbon, protect wildlife, and support local livelihoods. The company provides tools that help companies identify and invest in high-quality reforestation and conservation projects and helps land stewards estimate carbon, start projects, and secure funding. Pachama has evaluated projects worldwide and developed Pachama Original projects in Brazil, Mexico, and the United States, and has served clients such as Salesforce, Nespresso, Shopify, and Boston Consulting Group. In Q3 2023 the company reported 57% year‑over‑year growth in credits retired, underscoring increased demand for its rigorously vetted projects. The additional capital announced in the extension will fund R&D in AI applied to geospatial data and expand products and services for companies and project developers. Pachama also announced board appointment of Ebony Beckwith as an independent board member as it scales its nature-based climate solutions. Pachama is a San Francisco-based technology company that leverages satellite imagery, remote sensing and machine learning to measure the carbon stored in forests and monitor forest growth over time. Through its platform, responsible companies can confidently invest in high-quality forest conservation projects verified by Pachama’s evaluation process. The company says it has worked with 46 forest project developers in 14 countries, reviewed over 150 forest projects globally and counts more than 800 sustainably-minded organizations as customers, including Salesforce, Microsoft, Nespresso, Airbnb, Netflix, Softbank, Vuori, and Flexport. Pachama intends to use the Series B proceeds to continue building a scientifically rigorous, technology-based approach to forest carbon credit verification, acquire talent, expand efforts to reach corporate and forest developers, accelerate R&D, and scale the technology needed to transform carbon markets. Diego Saez Gil is CEO and co-founder and the company is based in San Francisco, CA. The new round brings Pachama’s total investment secured to $79M. Pachama operates a verified marketplace for forest carbon credits that combines satellite imagery and machine learning to improve transparency and verifiability. The company says its technology enables validation, monitoring and measurement of forest projects to support corporate carbon-offset purchases. Pachama launched in 2020 and has attracted paying customers including Mercado Libre, Microsoft, Shopify and SoftBank, and received a public shout-out from Jeff Bezos. The startup has recruited talent from companies such as Google, Facebook, SpaceX, Tesla, OpenAI, Microsoft, Impossible Foods and Orbital Insights. Pachama plans to use new funding for product development and continued expansion of its marketplace. Financially, the company raised $15 million in its latest financing and has amassed nearly $24 million in capital since its 2020 launch. Pachama provides remote verification and monitoring of forestry offset projects using satellite imagery and AI to measure carbon captured by forests. The company offers enterprise tools to onboard and monitor carbon removal projects, creating new levels of measurement, monitoring, and verification. Pachama said it will scale its forest restoration and conservation emissions‑reduction monitoring service. To support that effort it raised $5 million in fresh funding, bringing total capital raised to $9 million. The product is positioned as timely amid Western US wildfires and ongoing deforestation globally. Founder Diego Saez‑Gil lost his home in the California wildfires earlier this year, and investors cited growing corporate demand from businesses with ESG commitments. Pachama builds a marketplace to connect verified reforestation projects with buyers of carbon offsets and provides monitoring and management services using satellite imagery and sensors. The company verifies projects approved by existing certification bodies and seeks to bring trust and independent validation to carbon markets. Founder Diego Saez-Gil launched the effort after observing deforestation impacts firsthand and the company currently lists 23 forest projects in Brazil, Peru and multiple U.S. states (California, Vermont, New Jersey, Connecticut and Maine). Pachama raised $4.1 million from a consortium of investors to create the marketplace and its monitoring software. Its business becomes profitable only if carbon prices exceed about $15 per ton; today only California and European markets have reached that level. The team sees regulatory demand (for example CORSIA for airlines) as a potential driver of future offset demand and plans to scale listings and verification to meet that demand.

Total raised

$88M

Funding rounds

5

Latest round

Series B

Latest activity

Dec 2023