Total amount raised
$88.3 Millions
Latest funding date
12/1/2023
Location
Pachama has successfully raised $64 million in its Series B funding round, with a recent $9 million extension. The company leverages AI and satellite data to help businesses invest in nature, particularly in forest carbon projects.
Keep reading to explore the intricacies of Pachama's fundraising journey and the investors backing this innovative platform.
What Is Pachama?
Pachama, founded in November 2018, is based in San Francisco, California. The company leverages AI and satellite data to help businesses invest in nature, particularly in forest carbon projects.
Founded by Diego Saez-Gil and Tomas Aftalion, Pachama offers a tech-enabled carbon credit marketplace and project development tools. Their platform provides continuous insights into how forests sequester carbon, protect wildlife, and benefit local communities.
With a team of 51-100 employees, Pachama empowers companies to find the best projects and track their impact over time, while helping land stewards develop carbon projects and secure funds.
How Much Funding Has Pachama Raised?
- Seed Round
- Amount Raised: $150K
- Date: March 2019
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial technology platform.
- Seed Round
- Amount Raised: $4.1M
- Date: January 2020
- Lead Investors: Lowercase Capital, Saltwater Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the AI and satellite data capabilities.
- Seed Round
- Amount Raised: $5M
- Date: September 2020
- Lead Investors: Breakthrough Energy Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and onboard more clients.
- Grant
- Date: April 2021
- Lead Investors: BloombergNEF
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support research and development in climate technology.
- Series A
- Amount Raised: $15M
- Date: April 2021
- Lead Investors: Breakthrough Energy Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the carbon credit marketplace and project development tools.
- Series A
- Date: October 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and enhance technological capabilities.
- Series B
- Amount Raised: $55M
- Date: May 2022
- Lead Investors: Future Positive
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's reach and invest in new product development.
- Series B
- Amount Raised: $9M
- Date: December 2023
- Lead Investors: T Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue investment in R&D and develop new products and services.
Total Amount Raised: $88.25M. Current Valuation: Not publicly disclosed.
Key Investors
- Y Combinator
- Details: Y Combinator is a startup accelerator that has funded over 2,000 startups since 2005. It provides seed funding, advice, and connections to help startups grow.
- Investment Focus Areas: Technology, Healthcare, Consumer Products
- Notable Investments: Airbnb, Dropbox, Stripe
- Breakthrough Energy Ventures
- Details: Breakthrough Energy Ventures is a $1 billion fund led by Bill Gates and other investors to support innovations that will lead to a zero-carbon economy. It focuses on long-term investments in sustainable energy solutions.
- Investment Focus Areas: Clean Energy, Climate Technology, Sustainable Agriculture
- Notable Investments: QuantumScape, Pivot Bio, Commonwealth Fusion Systems
- Future Positive
- Details: Future Positive is an investment firm that supports companies creating positive social and environmental impact. It aims to back visionary entrepreneurs who are solving global challenges.
- Investment Focus Areas: Sustainability, Technology, Social Impact
- Notable Investments: Not publicly disclosed
- Lowercase Capital
- Details: Lowercase Capital is a venture capital firm founded by Chris Sacca. It is known for its early investments in companies that have become industry leaders.
- Investment Focus Areas: Technology, Media, Consumer Products
- Notable Investments: Twitter, Uber, Instagram
- T Capital
- Details: T Capital is a venture capital firm that participated in Pachama's recent funding round. It focuses on investing in innovative and high-growth potential companies.
- Investment Focus Areas: Technology, CleanTech, AI
- Notable Investments: Not publicly disclosed
What's Next for Pachama?
With $64 million in Series B funding, Pachama is poised to revolutionize climate tech. The company plans to invest heavily in AI and geospatial data to enhance its platform, offering deeper insights into forest conservation and carbon sequestration. This expansion could attract more corporate clients and project developers, driving significant growth.
Future fundraising seems promising, given the strong investor interest and the growing demand for sustainable solutions. However, Pachama will need to navigate technological challenges and market competition. Ensuring data accuracy and scaling their services will be crucial as they aim to lead in the climate tech sector.
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